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skully skully
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7 years ago
The managerial accountant at Hampson Company reported the following information:

   
Cost Driver: Machine-Hours (X)   Indirect Manufacturing Labor
(Y)
Highest observation cost driver   120   $1,750
Lowest observation cost driver   55   845
Difference   ?   ?

Use the high-low method to and use the highest observation of the cost driver to compute the constant a, using a slope coefficient of $13.92 per machine hour.

a = y - BX

At the highest observation of the cost driver, the constant, a, is:
A) $75.60
B) $76.80
C) $75.62
D) $79.60
E) $81.24
Textbook 
Managerial Accounting: Decision Making and Motivating Performance

Managerial Accounting: Decision Making and Motivating Performance


Edition: 1st
Authors:
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Managerial Accounting: Decision Making and Motivating Performance
University of Pittsburgh
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noitulovenoitulove
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skully Author
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#2
7 years ago
Thank you for answering correctly
Managerial Accounting: Decision Making and Motivating Performance
University of Pittsburgh
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