Business, 31.03.2020 19:55 kelseydavid69

Yates Corp. wants to develop a cost equation for its administrative costs. The controller believes the appropriate cost driver is units produced. Last year's data are presented below: Month Units Produced Administrative Costs January 32,500 $ 24,288 February 37,700 27,720 March 24,700 17,820 April 40,300 30,360 May 49,400 37,290 June 42,900 29,040 July 53,300 32,670 August 45,500 30,030 September 26,000 20,460 October 48,100 34,320 November 61,100 40,920 December 54,600 36,630 Total 516,100 $ 361,548 Average 43,008 $ 30,129
What is the equation for administrative costs using the high-low method?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 17:40

Because the demand for wheat tends to be inelastic. true or false

Answers: 1

Answer

Business, 23.06.2019 00:40

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.

Answers: 3

Answer

Business, 23.06.2019 02:40

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the

Answers: 2

Answer

Business, 23.06.2019 10:10

Hannah is concerned about the increase in the cases of obesity in her state. she has convinced her company to create advertisements to generate awareness about obesity. which kind of advertising will the company use to achieve this?

Answers: 3

Answer

You know the right answer?

Yates Corp. wants to develop a cost equation for its administrative costs. The controller believes t...

Questions