Exam 9: Setermining How Cost Management

Answer the following questions using the information below: Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations. -What was the variable cost per unit sold for 2014?

Answer the following questions using the information below: For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range. -What is the estimate of total labor costs at Akram Company when 10,000 labor-hours are used?

Answer the following questions using the information below: The Badr Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Badr Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. -How is the cost function stated?

Answer the following questions using the information below: For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range. -What is the slope coefficient per labor-hour?

Answer the following questions using the information below: The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below: -What is the slope coefficient per machine-hour?

Answer the following questions using the information below: Jamal's TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations. -What are the estimated total costs if Jamal's expects to sell 3,000 units next year?

Answer the following questions using the information below: The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below: -What is the estimate of the total cost when 300 machine-hours are used?

Answer the following questions using the information below: Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company. Green Box Company uses the high-low method to analyze mixed costs. -What is the estimated total cost at an operating level of 5,000 units?

Answer the following questions using the information below: For Akram Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range. -What is the constant?

Answer the following questions using the information below: The Red Sea Company uses the high-low method to estimate it's cost function. The information for 2014 is provided below: -What is the slope coefficient per machine-hour?

Answer the following questions using the information below: Presented below are the production data for the first six months of the year for the mixed costs incurred by Green Box Company. Green Box Company uses the high-low method to analyze mixed costs. -How would the cost function be stated?

Answer the following questions using the information below: Mahmet's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2014 operations. -What are the estimated total costs if Mahmet's expects to sell 6,500 units next year?

Answer the following questions using the information below: The Doha Clothing Company uses the high-low method to estimate the cost function. The information for 2014 is provided below: -What is the constant for the estimating cost equation?