Buckeye Company has provided the following data for maintenance cost: Prior YearCurrent Year
Machine Hours12,50015,000
Maintenance Cost$27,000$31,000

Using the high-low method, what is the cost formula for maintenance cost?

A) $7,000 per year plus $0.625 per machine hour.
B) $21,625 per year plus $0.625 per machine hour.
C) $7,000 per year plus $1.60 per machine hour.
D) $27,000 per year plus $1.60 per machine hour.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

There are more than two types of bachelors’ degrees true or false?

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?