Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 1 inspection costs at one of ratulowski c

QUESTION 1 Inspection costs at one of Ratulowski Corporation's factories are listed below: ...

90.2K

Verified Solution

Question

Accounting

QUESTION 1

Inspection costs at one of Ratulowski Corporation's factories are listed below:

Units Produced

Inspection Costs

April

906

$

16,312

May

951

$

16,700

June

912

$

16,365

July

896

$

16,210

August

918

$

16,394

September

903

$

16,280

October

920

$

16,432

November

860

$

15,850

December

899

$

16,238

Management believes that inspection cost is a mixed cost that depends on units produced.

Calculate the following using the high-low method:

Variable Cost per unit produced (round to 2 decimal place)

$

Overall Fixed Cost portion of Inspection Costs (round to 2 decimal place)

$

Cost equation for Inspection Costs (in the linear equation format)

Y=

Estimated Inspection costs when 973 units are produced (round to nearest whole dollar)

$

12 points

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Statement of Cash Flows—Indirect MethodThe comparative balance sheet of Olson-Jones Industries Inc. forDecember 31,...Statement...

Operations Management
1.2K views

What are the differences between outcome objectives and communication objectives? Develop an example of each type of...

Physics
1.2K views

Constant amount of ideal gas is kept inside a cylinder by a piston. The piston is...

Accounting
1.2K views

Problem 2A-4A Waterway Company uses a job order cost system in each of its three manufacturing departments....

Biology
1.2K views

Which is the best answer below to what would affect the enzymatic activity of an...

Physics
1.2K views

block of mass M is placed on the top of bigger block of mass 10...

Physics
1.2K views

An electric dipole charges q q masses m each is placed along x axis with...

Basic Math
1.2K views

What is likely to be the biggest barrier for a company to implementing an ABC...

Calculus
1.2K views

We have 1201031 23 1 1 cos 20 de sin 4

Accounting
1.2K views

The information is for 2020. Required post the entries to T- accounts using given format....

Accounting
1.2K views

A single individual that has 100,000 taxable income before dividends and is in the 28%...

Accounting
1.2K views

Financial Ratio Analysis: Income Statement Info: Balance Sheet Info: ...