This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is ... (Read 77 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
on: Mar 6, 2021

Question 1

Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below:
Machine-hoursLabor Costs
Highest observation of cost driver900$36,000
Lowest observation of cost driver100$14,000

What is the estimated total cost when 450 machine-hours are used?
◦ $63,000
◦ $32,000
◦ $18,000
◦ $23,625

Question 2

Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is provided below:

Machine-hours Costs
 Highest observation of cost driver 3,000 $345,000
 Lowest observation of cost driver 2,500 $315,000

What is the slope coefficient?
◦ $115.00
◦ $126.00
◦ $60.00
◦ $120.00
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by luvbio on Mar 6, 2021

joewallace

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


luvbio

  • Member
  • Posts: 623
Reply 2 on: Mar 6, 2021
Gracias!

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

screen-shot-2017-02-20-at-4-53-09-pm.png screen-shot-2017-02-20-at-4-53-09-pm.png
Mastering Biology Question Mastering Biology Question
Pharmaceutical Company Representatives Pharmaceutical Company Representatives
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Alpine tundra. Low-growing, hardy plants at a high altitude in Washington’s Cascade range. Alpine tundra. Low-growing, hardy plants at a high altitude in Washington’s Cascade range.
Video: Status Epilepticus

For a complete list of videos, visit our video library