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

Author Question: The Connors Company has assembled the following data pertaining to certain costs that cannot be ... (Read 137 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Mar 6, 2021

Question 1

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 4,000 $332,000
 Lowest observation of cost driver 3,000 $312,000

What is the estimated total cost when 1,900 machine-hours are used?
◦ $509,600
◦ $290,000
◦ $489,700
◦ $157,700

Question 2

The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.

 Cost Hours
 $24,000 5,000
 $26,100 6,300
 $34,700 7,900
 $48,000 11,000
 $38,300 9,250

What is the cost function?
◦ y = $48,000 + $4.80X
◦ y = $24,000 + $4.36X
◦ y = $34,700 + $4.80X
◦ y = $4,000 + $4.00X
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 nenivikky on Mar 6, 2021

TheNamesImani

  • Sr. Member
  • ****
  • Posts: 334
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


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Mar 6, 2021
Excellent

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Morris and Company, Sussex Rush-Seated Chairs. Morris and Company, Sussex Rush-Seated Chairs.
Data from more than 22,000 men over the age of 40, showing the relationship between birth weight and ... Data from more than 22,000 men over the age of 40, showing the relationship between birth weight and ...
This headache remedy was “guaranteed” by the drug company; 1906. This headache remedy was “guaranteed” by the drug company; 1906.
data data
A hypothetical grid of data used in synteny testing A hypothetical grid of data used in synteny testing
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library