The following information is available regarding the total manufacturing overhead (semi-variable cost) of Bursa Manufacturing Company for a recent four-month period: Required: a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. Note: Round your answer to 2 decimal places. a-2. Use the high-low method to determine the fixed element of monthly overhead cost. Note: Round "Variable manufacturing overhead cost" to 2 decimal places. b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. Note: Round "Variable manufacturing overhead cost" to 2 decimal places. c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? Note: Round "Variable manufacturing overhead cost" to 2 decimal places
Other questions asked by students
A business owner needs to run a gas line from his business to a gas main...
1) Based on your understanding of the topic of water pricing and demand: 1. Briefly, discuss...
Your friend claims he can throw a baseball straight up with a speed of 80 mi/h....
Write this number as a whole number or a decimal 5 69 x 10 2
There are 200 students in an eleventh grade high school class There are 40 students...
The Accounts Receivable balance and Allowance for Bad Debts for Chocolate Pansion at December 31,...
Question 14 The principal accounting record used in assigning costs to jobs is
Hello, can you solve it before Thursday? The following adjusted trial...