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The manager at Copley Mulch has been trying to calculate the portion of the company

The manager at Copley Mulch has been trying to calculate the portion of the company

overhead expenses that is fixed and the portion that is variable.  Over the past twelve months, the number of yards of mulch processed was highest in July, when the total monthly overhead costs totaled $6,000 for 25,000 yards of mulch processed.   The lowest number of yards of mulch processed in the last twelve months occurred in October, when total overhead costs were $4,000 for 15,000 yards of mulch processed. What is the fixed portion of the monthly overhead expenses?

A) $5,000

B) $9,000

C) $4,000

D) $1,000

22) To follow is information about the units produced and total manufacturing costs for Snow Enterprises for the past six months.

Month

Number of units produced

Total manufacturing costs

January

7,940

$5,900

February

7,500

$5,460

March

6,400

$5,000

April

6,600

$5,500

May

4,740

$5,100

June

7,800

$5,840

 

Using the high-low method, what is the variable cost per unit?

A) $0.74

B) $0.25

C) $1.08

D) $4.00

23) To follow is information about the units produced and total manufacturing costs for Snow Enterprises for the past six months.

Month

Number of units produced

Total manufacturing costs

January

7,940

$5,900

February

7,500

$5,460

March

6,400

$5,000

April

6,600

$5,500

May

4,740

$5,100

June

7,800

$5,840

 

Using the high-low method, what is the monthly fixed manufacturing cost?

A) $800

B) $11,000

C) $3,915

D) $1,985

24) To follow is information about the units produced and total manufacturing costs for Snow Enterprises for the past six months.

Month

Number of units produced

Total manufacturing costs

January

7,940

$5,900

February

7,500

$5,460

March

6,400

$5,000

April

6,600

$5,500

May

4,740

$5,100

June

7,800

$5,840

 

Using the high-low method, what will the total monthly manufacturing costs be if the company produces 7,500 units?

A) $3,915

B) $5,790

C) $1,875

D) $3,860

25) Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table.

Month

Maintenance cost

Machine hours

January

$9,500

15,800

February

$9,860

17,300

March

$8,600

14,500

April

$8,840

16,100

May

$8,600

17,100

June

$8,100

15,500

 

Using the high low method, what would the variable maintenance cost per machine hour be?

A) $0.59

B) $0.57

C) $2.22

D) $0.45

26) Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table.

Month

Maintenance cost

Machine hours

January

$9,500

15,800

February

$9,860

17,300

March

$8,600

14,500

April

$8,840

16,100

May

$8,600

17,100

June

$8,100

15,500

 

Using the high low method, what would the monthly fixed maintenance cost be?

A) $1,260

B) $2,075

C) $7,785

D) $18,460

27) Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table.

Month

Maintenance cost

Machine hours

January

$9,500

15,800

February

$9,860

17,300

March

$8,600

14,500

April

$8,840

16,100

May

$8,600

17,100

June

$8,100

15,500

 

Using the high low method, what would the total maintenance costs be if 18,000 machine hours were used?

A) $15,660

B) $7,875

C) $9,950

D) $10,175

Dec 12 2019 View more View Less

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