Mazoon Company decided to use the high- low cost estimation method to analyze its mixed costs. During the year 2020, the highest level of activity at peak season was in August (40,500 labor hours for a total cost of $120,400) and the lowest level of activity was in November (13,000 labor hours for a total cost of $79,150). What is the estimated total cost for Mazoon Company at an expected operating level of 30,000 labor hours? a. None of the answers given b. $101,200 c. $107,650 d. $45,000 e. $99,775

Mazoon Company decided to use the high- low cost estimation method to analyze its mixed costs. During the year 2020, the highest level of activity at peak season was in August (40,500 labor hours for a total cost of $120,400) and the lowest level of activity was in November (13,000 labor hours for a total cost of $79,150). What is the estimated total cost for Mazoon Company at an expected operating level of 30,000 labor hours? a. None of the answers given b. $101,200 c. $107,650 d. $45,000 e. $99,775

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...

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The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method, express the companys overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800. Predict the overtime wages if 9,000 invoices are processed. Predict the overtime wages if 6,500 invoices are processed. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and overtime wage expense.
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Mazoon Company decided to use the high-low cost estimation method to analyze its mixed costs. During the year 2020, the highest level of activity at peak season was in August (40,500 labor hours for a total cost of $120,400) and the lowest level of activity was in November (13,000 labor hours for a total cost of $79,150). What is the estimated ?total cost for Mazoon Company at an expected operating level of 30,000 labor hours $45,000 .a O None of the answers given b O $101,200 .c O $99,775 d C $107,650 .e O
Mazoon Company decided to use the high-low cost estimation method to analyze its mixed costs. During the year 2020, the highest level of activity at peak season was in August (45,500 labor hours for a total cost of $121,450) and the lowest level of activity was in November (18,000 labor hours for a total cost of $80,200). What is the estimated total cost for Mazoon Company at an expected operating level of 30,000 labor hours? O a. None of the answers given O b. $98,200 O C. $89,200 O d. $36,000 O e. $100,825
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Mazoon Company decided to use the high-low cost estimation method to analyze its mixed costs. During the year 2020, the highest level of activity at peak season was in August (45,500 labor hours for a total cost of $121,450) and the lowest level of activity was in November (18,000 labor hours for a total cost of $80,200). What is the estimated total cost for Mazoon Company at an expected operating level of 32,000 labor hours? O a. None of the answers given O b. $48,000 c. O c. $105,700 O d. $101,200 e. $100,825 14:03 here to search A d0 ENG 15-04-2021 "bet se og up delete home end %23 96 & 7. num + backspace 3 4 6. 8. lock E Y 8 A home pg up 5 0 enter F J K pause C V MI ↑ shift 11 end alt ctri ins
During 2020, Rafael Corp. produced 48,700 units and sold 34,090 for $14 per unit. Variable manufacturing costs were $7 per unit. Annual fixed manufacturing overhead was $102,270 ($3 per unit). Variable selling and administrative costs were $2 per unit sold, and fixed selling and administrative expenses were $19,200. Prepare an absorption-costing income statement. Rafael Corp. Income Statement-Absorption Costing Reconcile the difference between the net income under variable costing and the net income under absorption costing. That is, show a calculation that explains what causes the difference in net income between the two approaches. Variable costing net income Fixed manufacturing overhead costs deferred in ending inventory Absorption costing operating income $ $
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