Which of these costs would be treated differently if Polson had either excess capacity or no excess capacity? Multiple Choice O O O Direct materials used, $790,000. Direct labor, $2,420,000, Allocated variable overhead, $403,000. Allocated fixed cost, $220,000. None of these, as all four costs are considered in both situations.

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The JAG Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. JAG Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. The following are data from the most recent periods: Cost Hours $25,000 5,025 25,100 4,000 34,000 7,515 60,370 15,500 38,000 9.500 Required: (a) Using the high-low method, estimate the cost function. Round to two decimal places. Show work to receive partial credit!! (b) Calculate the estimated total costs at an operating level of 6,000 hours. Show work to receive partial credit!!!

1. Top-down versus bottom-up estimates. pts. a. Describe the methods and uses of each of the approaches. 2. Compare the advantages and disadvantages of each of the approaches.         3. What are the three types of costs discussed in the text? Define them.   4. For a small project requiring 120 hours at $50/hr and having a direct overhead rate of 40%, calculate the direct cost (Exercise 1 in Chapter 5). To that add indirect costs (G&A) at 20% and then profit at 20% for a total project price.  What are the estimated costs for: Design Programming In-house testing Which “approach to estimating” is this? What weaknesses are inherent in this approach? 5. Take another look at Exercise #5. Use Exercise Figure 5.1 on page 160.  But now you are asked to do a bottom-up estimate based on the following data and compare it with the top-down estimate of $800,000.  If confronted with these two estimates, what, if any, actions would you take?     Deliverables Estimated Hours Rate:…