# Variable cost

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The numbers of meals served each week over the last seven weeks, along with the total costs of operating the cafeteria are given below: week meals served 1 2 3 4 5 6 7 1,500 1,600 1,800 1,450 1,200 1,650 1,900 cafeteria costs (RM) 4,800 5,080 5,280 4,900 4,000 5,100 5,400 Assume that the relevant range includes all of the activity levels mentioned in this problem. Required: A. Use the high low method to establish the fixed and variable component of cafeteria costs. (5 marks) B. Express the fixed and variable components of cafeteria costs as a cost formula in the linear form Y= a + Bx. (3 marks) C. Using the cost formula you derived above, what cafeteria costs you would expect to be incurred at the number of meals served are 2000 and 3500. (6 marks) D. What is the major limitation of the high-low method? (6 marks) [20 marks] EAB10603_Management Accounting 1 3 CONFIDENTIAL Question 3 Genesis Wheels manufactures spoked and solid bicycle wheels. The company relies on an activity based costing system. The following information has been provided for the cost pools: cost Pool machine setup assembly / Polish inspection…

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What is the difference between a fixed and a variable cost? Variable costs can change their original price for a product. Fixed costs are constantly the same, no matter how much output a company produces. A variable cost is a company 's cost that is associated with the amount of goods or services it produces. A company 's variable cost increases and decreases with the production volume. 7. Why would you research the cost of a product before you purchase it? I am defiantly the kind of person to…

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Without it, there would be a large amount of pollution in local water streams, causing ecological and economic damage across the region. The plant is likely to last for a very long time, as beyond its current utility, projects are in progress to further lower costs and increase the effectiveness of the plant. In addition to the reservoirs being added to prevent overflow, plans being made for using excess methane gas from the decomposition of sludge as fuel for electric generators. Once…

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Module: Branding and Positioning Minor Assessment Academic Year 2014/2015 Lecturer: Manuela Sacco Deadline date: 24th of November “Nespresso” Joanna Boneva ID #120 59 05 Table of contents: 1. Executive summery……………………3 2. Introduction……………………………3 3. Brand Analysis………………………...4 a) Brand resonance model 4. Brand Personality & Identity……….….6 5. Brand Target Segment………………….6 6. Brand Positioning………………………7 a) Competition & Analysis of points of parity and points of…

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\noindent According to Tabels \ref{4-tb7}-\ref{4-tb12}, we can get the following conclusions, which will correspond with Corollary \ref{4-cl7} (d)-(f). Note that $e^{exp}_{\alpha,\beta}/\rho(X)$ is denoted as the 2-parameter expectile when $X\sim Exp(100)$ and $e^{pareto}_{\alpha,\beta}/\rho(X)$ is denoted as the 2-parameter expectile when $X\sim Pareto(3,200)$. \begin{enumerate} \item[(i)] Table \ref{4-tb7}-\ref{4-tb9} and Tabel \ref{4-tb10}-\ref{4-tb12} illustrates that the 2-parameter…

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Do you think pennies should eliminated from the United States? they shouldn’t get eliminated because they help us out in many ways. Imagine you had extra pennies in your purse and you see a homeless man on the street so you give him your extra change you gave him a enough to eat for the whole day and for that penny’s help out charities, and for that penny’s should not be eliminated it’s worth something to other people. The first reason why pennies shouldn’t get eliminated because the pennies…

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 • Andrew Scanlan – GR Target – $3.84 million (Life & Savings) +$289,240 GR (GI). The team issued a GR of $217,733 achieving 68% of the monthly target. Andy closed the year with a submission of$2.3 Million GR and issued a GR of $2.25 million. On GI, the team produced$2.65 million APE as of December end which is 33% above their target generating a GR of $384,000. • Peter Reilly – GR Target –$2.63 Million (Life & Savings) + $79,350 GR (GI). The team submitted$134,034 GR in December and…

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Concepts of CVP (Cost Behaviour Analysis?) Contribution Margin Contribution margin (CM) is a cost accounting concept that allows a company to determine the profitability of individual products (Investopedia, 2015). In short, it is equivalent to the revenue less the total variable cost (Horngren, Datar, & Rajan). The CM per unit measures the amount of each unit sold contributes to cover fixed costs and increasing profit and also considers what happens when sales and production increase by one…

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What is the unit product cost for the month under absorption costing? A) $74 B)$89 C) $69 D)$84 15. What is the net income for the month under variable costing? A) $10,600 B) ($17,000) C) $16,600 D)$6,000 16. What is the net income for the month under absorption costing? A) ($17,000) B)$16,600 C) $6,000 D)$10,600 17. Orion Corporation is preparing a cash budget for the six months beginning January 1. Shown below…

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breaking down the variable and fixed cost structure, and understanding the special order, I believe that going to a fixed cost structure would be in the best interest of the company. Outlined are the risk associated with this change, the probability of reaching the projected net income, and the results of the special order. Comparison of Cost Structure As suggested, Wall Street Burger Shoppe used the fixed cost structure in the months June to October. I found that while using the fixed cost…

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