Essay
As part of his job as cost analyst, John Kelly collected the following information concerning the operations of the Machining Department:
Required:
a.Use the high-low method to determine the estimating cost function with machine-hours as the cost driver.
b.If June's estimated machine-hours are 4,300, calculate the total estimated costs of the Machining Department?
Correct Answer:
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a.Slope coefficient = ($45,395 - $42,535...View Answer
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