Calculate the variable rate using the High-Low method of measuring cost function. March: 42,000 labor hours, Maintenance cost: $125,600 August: 28,000 labor hours, Maintenance cost: $101,200

Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Last month, 4,000 units were produced and sold. Required: 1. Classify each of the costs as product cost or period cost. 2. What is the total product cost for last month? 3. What is the unit product cost for last month?

Accounting problem

kindly help me with accounting question

Identifying the Parts of the Cost Formula; Calculating Monthly, Quarterly, and Yearly Costs Using a Cost Formula Based on Monthly Data Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost: Overhead Cost = $209,000 + ($82 x Direct Labor Hours) Required: 1. Select the term in the right column that corresponds to the term in the left column. Overhead cost Dependent variable v $209,000 Fixed cost (intercept) v $82 Variable rate (slope) Direct labor hours Independent variable v 2. If next month's budgeted direct labor hours equal 19,000, what is the budgeted overhead cost? 1,767,000 V 3. If next quarter's budgeted direct labor hours equal 95,000, what is the budgeted overhead cost? 4. If next year's budgeted direct labor hours equal 380,000, what is the budgeted overhead cost? $

Calculate the contribution margin per unit (accounting)

use the high-low method to calculate Smithson's fixed costs per month.

Data below relate to the Tori Company for May and August of the current year: May 35,000 Maintenance hours Maintenance cost $ 1,247,000 August 40,000 $ 1,337,000 May and August were the lowest and highest activity levels, and Tori uses the high-low method to analyze cost behavior. Which of the following statements is true? Multiple Choice The variable maintenance cost is $18 per hour The variable maintenance cost is $20 per hour The variable maintenance cost is $22 per hour

Compute the variable cost per unit

Fix costs per month?