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13 Dec 2019

Which one of the following would most likely be considered a mixed cost?
a) Cost of using a copy machine
b) Direct labor
c) Supervisory salaries
d) Direct materials

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Nelly StrackeLv2
17 Dec 2019
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Related questions

Exercise 18-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,561 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $356 and $237, respectively. Production in Units 3,561 Production Costs Direct materials $8,902 Direct labor 21,366 Utilities 2,493 Property taxes 1,187 Indirect labor 5,341 Supervisory salaries 2,255 Maintenance 1,306 Depreciation 2,849 Identify the above costs as variable, fixed, or mixed. Cost Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation LINK TO TEXT Calculate variable costs per unit, variable cost per unit for utilities and variable cost per unit for maintenance. Exclude mixed costs in the calculation for variable cost per unit. (Round answers to 2 decimal places e.g. 2.25.) Variable cost per unit (Exclude variable cost for utilities and maintenance) $ Variable cost per unit for utilities $ Variable cost per unit for maintenance $ LINK TO TEXT Calculate the expected costs when production is 5,935 units. Cost to produce 5,935 units $

PROBLEM 2-20 High-Low Method; Predicting Cost [LO2-4, LO2-5] Nova Company's total overhead cost at various levels of activity are presented below: Machine Hours Total Overhead Cost Month April May ........ June ....... 70,000 60,000 80,000 90,000 $198,000 $174,000 $222,000 $246,000 July .... Assume that the total overhead cost above consists of utilities, supervisory salaries, and mainte- nance. The breakdown of these costs at the 60,000 machine-hour level of activity is: Utilities (variable) .. $ 48,000 Supervisory salaries (fixed) ... 21,000 Maintenance (mixed) 105,000 Total overhead cost .......... $174,000 ... Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements. Required: 1. Estimate how much of the $246,000 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $246,000 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs!) Using the high-low method, estimate a cost formula for maintenance. 3. Express the company's total overhead cost in the linear equation form Y = a + bX. 4. What total overhead cost would you expect to be incurred at an activity level of 75,000 machine-hours?

Problem 5A-8 High-Low Method; Predicting Cost [LO5-10]

Nova Company’s total overhead cost at various levels of activityare presented below:

Month Machine-
Hours		 Total
Overhead
Cost
April 51,000 $ 181,360
May 41,000 $ 157,760
June 61,000 $ 204,960
July 71,000 $ 228,560

Assume that the total overhead cost above consists of utilities,supervisory salaries, and maintenance. The breakdown of these costsat the 41,000 machine-hour level of activity is:

Utilities (variable) $ 53,300
Supervisory salaries(fixed) 48,000
Maintenance (mixed) 56,460
Total overhead cost $ 157,760

Nova Company’s management wants to break down the maintenancecost into its variable and fixed cost elements.

Required:

1. Estimate how much of the $228,560 of overhead cost in Julywas maintenance cost. (Hint: to do this, it may be helpfulto first determine how much of the $228,560 consisted of utilitiesand supervisory salaries. Think about the behavior of variable andfixed costs.)

2. Using the high-low method, estimate a cost formula formaintenance in the form Y = a + bX.

3. Express the company’s total overhead cost in theform Y = a + bX.

4. What total overhead cost would you expect to beincurred at an activity level of 46,000 machine-hours?

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