(Answered) The cost-volume formula showing the relationship between

Accounting

The cost-volume formula showing the relationship between repair costs y and machine hours x came out as follows: y'= $500 + $OSOx, where y'= estimated repair costs. Identify the amount or the symbol that represents each of the following:

(a) the dependent variable,

(b) the independent variable,

(d ) the fixed portion of repair costs,

(e) the variable portion of repair costs per machine hour, and (f)the estimated repair cost if the planned machine hours used are 1,000 hours.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91048808
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - as the senior accountant you had just prepared

Question - As the senior accountant you had just prepared & posted the journal entry that closed the revenue accounts to the income summary account. Suddenly you noticed that your bookkeeper made a tragic error in record ...

Question reflect back on what you have learned in this

Question: Reflect back on what you have learned in this course about how to construct high-quality arguments for positions. Give an example of how the ability to think logically and to construct good arguments could help ...

Question - x company wants to estimate overhead costs in

Question - X Company wants to estimate overhead costs in March, when production is expected to be 1,400 units. To determine the parameters of its overhead cost function, it used account analysis with the January cost inf ...

Question - in 2018 aman gave his church 50000 in cash he

Question - In 2018 Aman gave his church $50,000 in cash. He also gave his alma mater university another $70,000 of appreciated stock (basis of $18,000). Aman's AGI is $200,000. What is Aman's charitable deduction for 201 ...

Question instructions first locate the financial statement

Question: Instructions: First, locate the financial statement (10 - K Annual Reporting) information for each company (listed below) that you will be investigating for your final project. This information can be found on ...

Question - a company had no office supplies at the

Question - A company had no office supplies at the beginning of the year. During the year, the company purchased $370 worth of office supplies. On December 31, $135 worth of office supplies remained. How much should the ...

Question - jalisco corporation has net income of 281000 for

Question - Jalisco Corporation has net income of $281,000 for the year ended December 31, 2010 and common shares outstanding of 100,000. The company did not issue or repurchase additional common shares during the year. J ...

Question - ahnen company owns the following

Question - Ahnen Company owns the following investments. Trading securities (fair value): $70,000 Available-for-sale securities (fair value): 40,000 Held-to-maturity securities (amortized cost): 47,000 What will Ahnen re ...

Question - natalie is busy establishing both divisions of

Question - Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two ...

Question - sunshine company purchased equipment for 100000

Question - Sunshine Company purchased equipment for $100,000 in 2012. The machinery originally had an estimated life of 8 years and a salvage value of $10,000. Sunshine used the straight-line depreciation method. In 2016 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert