33) The controller of Menno Corp presents you with the following observations in a general ledger account called Maintenance: Month Machine - hours Maintenance Costs Incurred January 6,000 $4,000...





33) The controller of Menno Corp presents you with the following observations in a general ledger account called Maintenance:










































Month




Machine
-
hours




Maintenance Costs Incurred




January




6,000




$4,000




February




8,000




4,750




March




8,500




4,900




April




9,000




5,000




May




7,000




4,400




June




10,000




5,400






Using the high-low method, what will the total monthly manufacturing costs be if the company produces 7,500 units?



A) $2,625



B) $5,555



C) $4,525



D) $4,050



34) Gourmet College has recently opened a restaurant as part of its hospitality major. The manager gathered the following data from the first five weeks of operations. Knowing you are currently taking a managerial accounting course he has asked that you analyze the data.










































Week




Number of customers per week




Weekly total restaurant costs incurred




1




1,500




$33,600




2




1,600




35,850




3




1,750




38,455




4




1,633




36,204




5




1,850




40,600




6




1,790




39,468






Using the high- low method, what would the variable cost per customer be?



A) $22.40



B) $21.95



C) $20.00



D) $0.46



35) Gourmet College has recently opened a restaurant as part of its hospitality major. The manager gathered the following data from the first five weeks of operations. Knowing you are currently taking a managerial accounting course he has asked that you analyze the data.










































Week




Number of customers per week




Weekly total restaurant costs incurred




1




1,500




$33,600




2




1,600




35,850




3




1,750




38,455




4




1,633




36,204




5




1,850




40,600




6




1,790




39,468






Using the high-low method, what would the fixed cost per week be?



A) $1,260



B) $3,600



C) $7,785



D) $18,460



36) Gourmet College has recently opened a restaurant as part of its hospitality major. The manager gathered the following data from the first five weeks of operations. Knowing you are currently taking a managerial accounting course he has asked that you analyze the data










































Week




Number of customers per week




Weekly total restaurant costs incurred




1




1,500




$33,600




2




1,600




35,850




3




1,750




38,455




4




1,633




36,204




5




1,850




40,600




6




1,790




39,468






Using the high-low method estimate the weekly cost function for the restaurant costs.





May 15, 2022
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