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What is the slope coefficient Answer the following questions using the information below: Syosis Company uses the high-low method to estimate its cost function. The information for 2015 is provided below: Machine-hours Costs Highest observation of cost driver 2,500 $300,000 Lowest observation of cost driver 1,500 $ 220,000 1) What is the slope coefficient? A) $120.00 B) $147.00 C) $80.00 D) $130.00 2) What is the ...

Other / Other 30 Mar 2016

What is the cost estimating equation for the department The managers of the production department have decided to use the production levels of 2015 and 2016 as examples of the highest and lowest years of operating levels. Data for those years are as follows: Year Chemicals used Overhead Costs 2015 336,000 gallons $292,800 2016 288,000 gallons $254,400 Required: What is the cost estimating equation for the department if gallons ...

Other / Other 30 Mar 2016

List and briefly describe the six steps in estimating a cost function List and briefly describe the six steps in estimating a cost function under quantitative analysis. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 30 Mar 2016

What is the estimated total cost at an operating level Answer the following questions using the information below: The Frontive Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Frontive 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 $24,700 5,000 26,0 ...

Other / Other 30 Mar 2016

Tessmer Manufacturing Company produces inventory Tessmer Manufacturing Company produces inventory in a highly automated assembly plant in Olathe, Kansas. The automated system is in its first year of operation and management is still unsure of the best way to estimate the overhead costs of operations for budgetary purposes. For the first six months of operations, the following data were collected: Machine-hours Kilowatt-hours Total Ove ...

Other / Other 30 Mar 2016

Use the high-low method to determine the estimating cost function As part of his job as cost analyst, Max Thompson collected the following information concerning the operations of the Machining Department: Observation Machine-hours Total Operating Costs January 4,700 $43,000 February 5,060 45,395 March 4,180 42,535 April 4,500 43,600 May 4,250 42,890 Required: a. Use the high-low method to determine the estimating cost fun ...

Other / Other 30 Mar 2016

The slope of the line of regression 1) Which of the following statements shows a difference between simple regression and multiple regression? A) Simple regression uses more than one dependent and independent variables, whereas multiple regression uses only one dependent and independent variable. B) Simple regression uses only the independent variables, whereas multiple regression uses only dependent variables. C) Simple regression uses o ...

Other / Other 30 Mar 2016

Cross-sectional data pertain to the same entity 1) A homogeneous relationship exists when each activity whose costs are included in the dependent variable has the same cost driver. 2) The first step in estimating a cost function using quantitative analysis is to plot the data. 3) In estimating a cost function using quantitative analysis, the dependent variable is the factor used to predict the independent variable. 4) Cross-se ...

Other / Other 30 Mar 2016

What is the estimated total cost at an operating level of 600 hours Prelia's Storage ran its freezer in February, a slow month, for 378 hours for a total cost of $61,230. In July, a peak month, the freezer ran for 756 hours for a total cost of $87,690. Required: a. What is the cost estimating equation for the department if hours of freezer use are used as the cost driver? b. What is the estimated total cost at an operating level of ...

Other / Other 30 Mar 2016

What is the constant for the estimated cost equation Answer the following questions using the information below: Uninder Company uses the high-low method to estimate the cost function. The information for 2015 is provided below: Machine-hours Labor Costs Highest observation of cost driver 550 $22,000 Lowest observation of cost driver 250 $ 13,000 1) What is the slope coefficient? A) $52.00 B) $43.75 C) $30.00 D) $40.00 ...

Other / Other 30 Mar 2016