Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to Develop a Cost Formula Farnsworth Company has gathered data on its overhead activities and associated costs for the past 10 months. Tracy Heppler, a member of the controller's department, has convinced management that overhead costs can be better estimated and controlled if the fixed and variable components of each overhead activity are known. One such activity is receiving raw materials (unloading incoming goods, counting goods, and inspecting goods), which she believes is driven by the number of receiving orders. Ten months of data have been gathered for the receiving activity and are as follows: Month Receiving Orders Receiving Cost 1 1,000 $18,000 2 700 15,000 3 1,500 28,000 4 1,200 17,000 5 1,300 25,000 6 1,100 21,000 7 1,600 29,000 8 1,400 24,000 9 1,700 27,000 10 900 16,000 Required: 1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be linear? 2. Using the high-low method, select a cost formula for the receiving activity. Using the cost formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed? $fill in the blank 3 3. Prepare a cost formula for the receiving activity for a quarter. Based on this formula, what is the predicted cost of receiving for a quarter in which 4,650 receiving orders are anticipated? $fill in the blank 4 Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated?

Answers

Answer 1

The relationship  is non linear and the cost formula is: $6,600 + ($12 x number of receiving orders) and the predicted cost is $24,000.

Cost formula

1. The relationship of the a scatter-graph is non linear.

2. Cost formula

Cost formula for the receiving activity= $6,600 + ($12 x number of receiving orders)

3. Predicted cost

Predicted cost= $6,600 + ($12 x Number of receiving orders)

Where:

Number of receiving order=1,450

Hence:

Predicted cost=($6,600 + $12 x 1450)

Predicted cost=$6,600+$17,400

Predicted cost= $24,000

Therefore the relationship  is non linear and the cost formula is: $6,600 + ($12 x number of receiving orders) and the predicted cost is $24,000.

Learn more about cost formula here:https://brainly.com/question/5168855

#SPJ1


Related Questions

Assuming that the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent, then the effect will be to reduce: group of answer choices

Answers

The reserve requirement when the federal reserve banks sell $40 million in government securities to commercial banks is $8 million.

How to calculate the reserve requirement?

From the information given, the the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent.

Therefore, the reserve requirement will be:

= 20% × $40 million

= $8 million.

Learn more about reserve requirements on:

https://brainly.com/question/25812353

#SPJ1

the ability to withdraw money at any time without penalty

Answers

liquidity is rhe right answer, i hope im not wrong.

Sales revenue $440,000 Advertising expense 60,000 Interest expense 10,000 Salaries expense 55,000 Utilities expense 25,000 Income tax expense 45,000 Cost of goods sold 180,000 What is the gross profit

Answers

Answer:

$65,000

Explanation:

The gross profit formula is: Gross Profit = Revenue – Cost of Goods Sold.

so we would say, 440000 - ( 60000 + 10000 + 55000 + 25000 + 45000 + 180000 ) = $ 65000

Determining correct exposure times when different cone (BID) lengths are utilized and minimizing operator exposure is determined by the

Answers

In order to determine correct exposure times when different cone (BID) lengths are utilized while minimizing operator exposure, you should use inverse square law.

What is inverse square law?

Inverse square law can be defined as a scientific law which states that the intensity of a physical quantity such as gravitational force or illumination, is inversely proportional to the square of the distance from the source.

In this context, we can logically infer and logically conclude that to determine the correct exposure times when different cone (BID) lengths are utilized while minimizing operator exposure, an inverse square law should be applied.

Read more on inverse square law here: https://brainly.com/question/2972113

#SPJ1

Why are institutionally provisioned technology systems (in other words, systems provided through a university, hospital, or clinic) generally more secure than consumer products

Answers

Institutionally delivered technology solutions are more secure than consumer ones because they are focused on healthcare recommendations and improvement.

What is a technology that an institution has provided?

It's vital to keep in mind that institutionally provided technology only applies to systems provided by a university, hospital, or clinic.

Institutionally delivered technology solutions are more secure than consumer offerings since they focus on therapeutic recommendations and improvement.

Learn more about technology on:

brainly.com/question/25110079

#SPJ4

1. Explain/Discuss the 4 stages of the business/economic cycle. For each cycle, discuss in detail items such as GDP, Interest Rates, Employment, Consumer Spending, Inflation etc. Identify the stage we are in now as a country. Explain the actions the Federal Reserve is taking to deal with the economy. Be as detailed and thorough as possible.

Answers

We consider business cycles to be a continuous process, with recessions, troughs, recoveries, expansions, peaks, and downturns repeating themselves. Any business cycle may be divided into four phases:

Peak: the economy is at or near full employment; production, employment, and income have reached a transitory peak.

Recession (R): a drop in output, employment, and income. Many areas of the economy are seeing a downturn in commercial activity. Unemployment is on the rise. Recessions can last anywhere from six to twelve months. Monthly variations in output are higher during recessions than during expansions. In other words, during a recession, output decreases are far more pronounced.

Trough: At its lowest point, output, revenue, and employment "bottom out." The trough period might endure for a short time or for a long time.

Expansion (E): A phase of recuperation. Once again, output, income, and employment are on the rise. As the economy approaches full employment, we may expect price increases (inflation). Expansions, on average, last three to four times longer than contractions.

There have been ten recessions since 1950. In terms of time, the least severe was in 1980. (6 months). 2007-09 was the most severe (18 months).

During a business cycle, what happens? To begin with, many economic variables are linked.

The economy and unemployment are moving in different directions (the labor market is a lagging indicator, responding slowly to a change in GDP, as we saw in chapter 7 of the assigned textbook). Consumption growth tracks GDP, although it isn't very variable. The amount of money spent on investments is highly erratic. During business cycles, wages do not fluctuate considerably. Inflation follows the rise of output.

Sectors of the economy and the businesses that make up those sectors tend to move in lockstep. When one area does well, it is probable that others will as well. The same may be said for businesses in these fields. Construction and manufacturing, on the other hand, are more volatile during a business cycle. We can see that if one area of the economy is performing well, others will as well. As a result, if manufacturing is doing well, demand for construction and services will rise.

States, too, are subjected to the same business cycle. Nations, too, tend to go through business cycles at the same time. Every business cycle is unique. The lengths and extents of expansions and contractions alter throughout time. Towards the end of a project:

Interest rates are risingWages are rising faster than pricesThis results in falling profitsDebts of households and firms have risenLots of borrowing has occurred to finance spending during the expansion time period

Recessions typically come from declines in investment spending by firms.

Firms cut back on capital stock expansionHouseholds cut back on spending for consumer durablesSales fallProduction declinesUnemployment rises, workers are let go, and this reduces income, which reduce s spending still further.

Firms that produce capital goods and consumer durable products suffer the most during a recession. Firms can postpone capital goods acquisitions when the economy deteriorates. Increases in capital goods stock are not warranted by the company forecast. Businesses repair obsolete equipment that has outlived its usefulness. Consumer durable goods purchases are being postponed by consumers (autos, major appliances, personal computers, etc.). Budgets are being slashed, and consumer durable goods purchases are being postponed. Service businesses and non-durable products producers are frequently spared the brunt of the damage. It is tough for people to cut back on necessary medical and legal services. Purchases of food and clothing are more difficult to postpone.  

Spending by families and businesses begins to grow as the recession persists and appears to be ending. Debt is decreasing. New borrowing takes place, resulting in a rise in spending. And thus a new chapter of growth starts.

Eckert Company is involved in producing and selling high-end golf equipment. The company has recently been involved in developing various types of laser guns to measure yardages on the golf course. One small laser gun, called LittleLaser, appears to have a very large potential market. Because of competition, Eckert does not believe that it can charge more than $88 for LittleLaser. At this price, Eckert believes it can sell 112,000 of these laser guns. Eckert will require an investment of $13,176,471 to manufacture, and the company wants an ROI of 17%. Determine the target cost for one LittleLase.

Answers

The target cost for one LittleLase is $68.

How to calculate the cost?

In the information given, the investment is given as $13176471. The value of the profit will be:

= 0.17 × 13176471

= 2240000

The profit per gun will be:

= 2240000/112000

= 20.

Therefore, the target cost will be:

= 88 - 20.

= 68

Learn more about cost on:

brainly.com/question/25109150

#SPJ4

When purchase costs regularly rise, the inventory costing method that yields the highest reported net income is: Multiple Choice Specific identification method. Average cost method. Weighted-average method. FIFO method. LIFO method.

Answers

The FIFO method of inventory is used whenenever the purchase costs regularly rise and result to an inventory costing method that yields the highest reported net income.

What is a FIFO method?

It is an acronyms of First In, First Out.

In accounting, this is a valuation method where assets produced or acquired first are sold, used or disposed of first.

Therefore, the Option D is correct.

Read more about FIFO method

brainly.com/question/24137318

#SPJ1

A market exists when: a physical location is created to facilitate the exchange of personal information about consumer choices. the cost of production is equated to the price by a government agency. people exchange money for goods and services. an absolute advantage is achieved by one country.

Answers

Explanation:

A clear example of a nation with an absolute advantage is Saudi Arabia, The ease with which it can reach its oil supplies, which greatly reduces the cost of extraction, is its absolute advantage over other nations.

Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Limited, for a cost of $35 per unit. To evaluate this offer, Troy Engines, Limited, has gathered the following information relating to its own cost of producing the carburetor internally: Per Unit 16,000 Units per Year Direct materials $ 16 $ 256,000 Direct labor 12 192,000 Variable manufacturing overhead 3 48,000 Fixed manufacturing overhead, traceable 3* 48,000 Fixed manufacturing overhead, allocated 6 96,000 Total cost $ 40 $ 640,000 *One-third supervisory salaries; two-thirds depreciation of special equipment (no resale value).Required:
1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 20,000 carburetors from the outside supplier?
2. Should the outside supplier’s offer be accepted?
3. Suppose that if the carburetors were purchased, Troy Engines, Ltd., could use the freed capacity to launch a new product. The segment margin of the new product would be $200,000 per year. Given this new assumption, what would be financial advantage (disadvantage) of buying 20,000 carburetors from the outside supplier?
4. Given the new assumption in requirement 3, should the outside supplier’s offer be accepted?

Answers

Based on the various costs involved in making the carburetors, the financial advantage(disadvantage) of buying outside is -$60,000. The offer should be rejected.

What is the cost of making the carburetors?

This can be found as:

= Direct materials + Direct labor + Variable Overhead + Fixed overhead (supervisory salaries)

= 16 + 12 + 3 + 3/3

= $32 per unit

Financial advantage (disadvantage):
= (32 - 35) x 20,000

= -$60,000

If Troy Engines, Limited were to buy from the outside supplier, they would incur a financial disadvantage of -$60,000 so they should NOT buy from the outside supplier.

Find out more on making purchase decisions at https://brainly.com/question/15858211.

#SPJ1

3. State the underlying condition that a firm applies while hiring workers.​

Answers

Answer:

Minimum wage

Explanation:

Minimum wage can affect the number of workers and wage paid to those workers, dependant on if it is a monopsony or PC firm hiring, the number of workers hired and wage paid will differ.

To effectively run her company, machi applies the ________, a management style the views her firm as an interdependent collection of departments, and as a single institution that interacts with suppliers, distributors, competitors, and customers.

Answers

To effectively run her company, machi applies the Systems viewpoint, a management style.

What is Systems viewpoint management style?

Systems viewpoint can be defined as a management style that enables an employee to see the firm as an interdependent  collection or parts that help to effectively communicate or interact with distributors, suppliers etc.

Therefore to effectively run her company, machi applies the Systems viewpoint, a management style.

Learn more about  Systems viewpoint management style here:https://brainly.com/question/26497267

#SPJ1

how much tax is deducted from a paycheck in indiana

Answers

Answer:

Indiana has a flat tax rate, meaning you're taxed at the same 3.23% rate regardless of your income level or filing status. All 92 counties in the Hoosier State also charge local taxes

Explanation:

On April 1, 20X1, Nelsen Inc. accepts a $100,000, 8% note. The note receivable and interest are due on March 31, 20X2 (one year later). On December 31, 20X1, Nelsen will accrue interest revenue of:

Answers

Based on the amount received as a notes receivable, and the month the interest revenue is recorded, the amount accrued would be $2,000.

What interest revenue will be accured?

From December 20X1 to March 20X2 will be 3 months.

The interest revenue will therefore be:

= Amount of note receivable x Interest rate x Number of months till interest is due

= 100,000 x 8% x 3/12 months

= $2,000

Find out more on interest revenue at https://brainly.com/question/11622638.

#SPJ1

PLEASE HELP SOON WILL GIVE BRAINLIEST

How does a consumer complaint benefit the manufacturer?
A. The complaint notifies the manufacturer of a possible issue.
B. The complaint is registered with the government.
C. The complaint tells the manufacturer they did something wrong.
D. The complaint leads to an investigation.

Answers

Answer:

A. The complaint notifies the manufacturer of a possible issue.

Explanation:

this lets the manufacturer become aware of any issues- this benefits them

A consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.

What is a consumer and a manufacturer ?

A consumer is a person or a group who intends to order uses purchased goods, products primarily for personal, social household and similar needs, not directly related to any of business activities.

A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers distributors, retailers, or to other manufacturers for the production and make their profit out of it.

How does a consumer complaint benefit the manufacturer ?

A consumer make any complaint to the manufacturer if after taking the product or using it , the consumer founds any flaws or mistakes in it which might not be notified by the manufacturer.

Therefore, a consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.

To learn more about consumer complaint, refer -

https://brainly.com/question/25616304

#SPJ2

Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without negligence. One afternoon while driving to a meeting, Chance negligently runs a stop sign and causes an accident. Judy is injured. Judy can

Answers

Incase of the accident, Judith as an independent contractor hold Chance but not the company liable.

Who is an independent contractor?

independent contractor can be regarded as an expert that works independently on a project without belonging to the host organization.

Therefore, since she got accident, she can't hold the company responsible wholely.

Learn more about independent contractor at;

https://brainly.com/question/25759088

#SPJ4

Sandra owns a small manufacturing business. At the end of a given accounting period, she hired the services of a tax accountant. How will the
tax accountant help Sandra's business?
A by increasing the business's tax refunds
B by helping decrease the business's Income tax liability
C by helping devise new tax policies for the business
D by helping the business avold all types of taxes

Answers

Answer: B. By helping decrease the business’ income tax liability.

All 2023 leaf s and leaf sv plus ac synchronous drive motor produce ____% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.

Answers

All 2021plus ac synchronous drive motors produce 100% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.

What is motor torque?

The motor torque refers to the rotation force developed by the crankshaft in a car motor.

The motor torque is a physic unit is associated with the capacity of a car to move in a given acceleration situation.

In conclusion, all 2021plus ac synchronous drive motors produce 100% torque at 0 mph for impressive off-the-line acceleration and smooth cruising.

Learn more about motor torque here:

https://brainly.com/question/19865132

#SPJ1

When explaining technical information to a non-
technical audience, it is best to
avoid the use of technical terms in your
explanations.
O get the audience's attention with a messy-
looking hair style.
O use technical terms in your explanations.
DONE

Answers

Answer:

Avoid the use of technical term

Explanation:

Avoid the use of technical term in your explanation

If you focus on the present now, instead of focusing on your future concerns, you will be able to __________. a. gain more enjoyment from your leisure time b. avoid doing more work than necessary c. create a feeling of control in your life d. all of the above please select the best answer from the choices provided a b c d

Answers

If you focus on the present instead of the future, you will be able to gain more enjoyment from your leisure time, hence option A is correct.

What is meant by the term Leisure?

Leisure can be defined as a time set apart from relaxation, or a time to relax from work or any mentally or physically draining activity.

It should be noted that when one is distracted by the future or the past, one is bound not to get the most out of their leisure time.

Learn more about leisure time here:

https://brainly.com/question/16484763

#SPJ4

Angel and Alessia calculate their assets to be valued at $150,000. They calculate their liabilities to be $125,000. What is their net worth?​

Answers

Answer:25,000

Explanation:

Generally, the most important category on the statement of cash flows is cash flows from:.

Answers

Answer:

The operating activities section of the statement of cash flows is generally regarded as the most important section since it provides cash flow information related to the daily operations of the business.

explain the relationship between occupation and education with example

Answers

Answer:

People who do not qualify for a particular job are given education through training in order to gain the needed knowledge for that particular job. As students, we go to school in order to be educated for future jobs. Good education on a job gives a better understanding and this brings out an excellent delivery of work.

Explanation:

More consistent and extended education leads to more job opportunities, increased income, and the ability to change one's economic status. Education has not only a connection to sanitation and hygiene elements in informal settlements but also to general career development.

globalization essay outline

Answers

Answer:

is this even a question ????

Explanation:

True or False: Interests are what you like to do, such as a hobby, or something you would like to learn about.

Answers

Answer:

True

Explanation:

There is no explanation

Pinnacle purchased $139,700 of fixed assets that are classified as five-year macrs property. the macrs rates are .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. what will the accumulated depreciation be at the end of year 4 if the tax rate is 21 percent and no bonus depreciation is taken

Answers

The depreciation to be charged on fixed asset purchased by Pinnacle over five years will be $115559.84.

What is depreciation?

The reduction in value of an asset due to wear and tear during normal usage over passage of time is known as depreciation. For the given case, depreciation is to be calculated as,

[tex]\rm Depreciation= Actual\ Value\ x\ (Rates\ of\ Depreciation\ for\ Four \ years)\\\\\rm Depreciation= 139700\ x\ (0.2+0.32+0.192+0.1152)\\\\\rm Depreciation= \$115559.84[/tex]

Hence, the rate of depreciation to be accumulated by Pinnacle over such fixed asset is aforementioned.

Learn more about depreciation here:

https://brainly.com/question/15085226

#SPJ1

Working proactively to ensure that your physical place of business is (1) free of potential hazards and (2) ________ will prevent on-premises injuries and violations of EEOC or OSHA rules.

Answers

Companies working Proactively just to ensure that the physical place of business is free 1. free of potential hazards and 2. secure from intruders will prevent on-premises injuries and violations of EEOC or OSHA rules.

What do you know about OSHA rules?

The Occupational Safety and Health Administration is a huge regulatory employer of the USA Department of Labor that in the beginning had federal visitorial powers to check out and study workplaces.

Thus, the correct fill-in-the-blank here will be secure from intruders.

Learn more about OSHA rules here:

https://brainly.com/question/1264446

#SPJ1

When asked a difficult question during an interview, _____.

change the subject

put a positive spin on the honest answer

make up a positive story

ignore the question

Answers

Answer: The answer is B.

Put a positive spin on the honest answer.

A capital investment project has the following expected incremental values next year: Revenue $1,000,000 Operating costs 200,000 Depreciation 300,000 If the income tax rate is 25%, the incremental after-tax operating cash flow is:

Answers

Based on the calculation below, incremental after-tax operating cash flow is $675,000

How to calculate incremental after-tax operating cash flow

This can be calculated as follows:

Profit before interest and tax = Revenue - Operating costs – Depreciation = $1,000,000 - $200,000 - $300,000 = $500,000

Operating income = Profit before tax – (Profit before tax * Tax rate) = $500,000 – ($500,000 * 25%) = $375,000

Therefore, we have:

Incremental after-tax operating cash flow = Operating income + Depreciation = $375,000 + $300,000 = $675,000

Learn more about cash flows here: https://brainly.com/question/18301011.

#SPJ1

You run a website called Offhand that sells exclusive handmade home decor items. On Mother's Day, the website unexpectedly receives a burst of traffic following the marketing campaign designed for this occasion. Thankfully, you are equipped with a good cloud service model and hence you are able to increase the cloud resources the website needs without disrupting your web services. Which of the following cloud characteristics helped you manage the situation easily?
a) Resource pooling
b) Broad network access
c) Measured service
d) Rapid elasticity

Answers

Rapid elasticity is a characteristics of cloud that would help you to manage the situation at hand effectively.

What is rapid elasticity?

This is an aspect of cloud computing that is known for the usefulness that it has in the provision of what is called scalable services.

It is known to be one of the fundamental aspects of this type of computing.

Read more on cloud computing here:

https://brainly.com/question/19057393

#SPJ4

Other Questions
Why is the Bill of Rights so important? A) Grants individual liberties B) Grants state's individuality C) Removes government control D) Provides national freedom does anyone know the rest? please and thank you I need some help answering this Please help me with this I would give you 50 points. Fatigue or extreme tiredness that doesn't get better with rest.Weight loss or gain of 10 pounds or more for no known reason.Eating problems such as not feeling hungry, trouble swallowing, belly pain, or nausea and vomiting.Swelling or lumps anywhere in the body. A trampoline park charges $2 plus an hourly rate for each hour. The sign to theght gives the prices for up to 3 hours of parking. Which linear equationepresents the given information where C is the total cost and h is the number ofhours spent at the park? If the dimensions of a rectangle with a perimeter of 12 cm are doubled, what will bethe perimeter of the new rectangle? Describe the electric and magnetic fields of an electromagnetic wave. If ABCD and MNPQ are squares, where M is the center of the first. Calculate x Which expression is equivalent tox^2-1X^2-x Identify the balanced chemical equation that represents a decomposition reaction.2Fe(OH) 3 2FeO 3 + H 2OCuSO 4 CuO + 2SO 32Fe(OH) 3 Fe 2O 3 + 3H 2OP 4 + 3O 2 P 2O 3 The correct order for saving should be____A. emergency fund, retirement, pay off credit debtB. retirement, emergency fund, pay off credit debtC. pay off credit debt, emergency fund, retirementD. pay off credit debt, retirement, emergency fund Assignment question history: according to his speech, what were jefferson davis' goals for the future? 3 Which of the following is an example of an expression?O3y = 2y + 11O2x + 3y = 2x + 2y + 11O2x + 2y + 3yO2x + 2y + 3y = 2x + 2y + 11Skip5/6 complete4K i dont know how to do this one The first thing you should do when you receive a job application is read the entire document before you begincompleting it.TrueFalse Elaine wants to create a program based on the following algorithm. What data types will she use for the variables?1. Start.2. Read number x from the user.3. Read list of ages age from the user.4. Display the age at the x position in the list age].5. Stop.to store variable x (for example 1, 4, 7), and she can useShe can use a[n)example 24, 53, 21).to store list age] (for The owner of a sports complex wants to carpet a hallway connecting two buildings. The carpet costs $2.50 per square foot. How much does it cost to carpet the hallway? A 31 -ft ladder leans against a building so that the angle between the ground and the ladder is 80How high does the ladder reach on the building? Round answer to one decimal place Which of the following would be an inconclusive pregnancy test (not negative) when using a lateral flow test to detect pregnancy-related hormones in urine? The distance from the base of the tree to the tip of the shadow is 24 feet.Sin 20 degrees = 0.3420Cos 20 degrees = 0.9396Tan 20 degrees = 0.3639Which measurement is closest to the heigh of the tree?A. 8.2B. 8.7C. 22.6D. 25.54E. 65.95