Docsity
Log inSign up
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources
Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study
Go to the blog

Excel Assignment 2 - Managerial Accounting | ACCT 102, Assignments of Management Accounting

Ohio University (OU) - ChillicotheManagement Accounting
Prof. Michael J. Meyer

Material Type: Assignment; Professor: Meyer; Class: MANAGERIAL ACCT; Subject: Accounting (ACCT); University: Ohio University; Term: Winter 2010;

Typology: Assignments

2009/2010

Uploaded on 02/24/2010

koofers-user-5uj
koofers-user-5uj 🇺🇸

10 documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
Excel Assignment #2
High Low Method and Mixed Costs
Winter 2010
Teresa Company has had trouble estimating its total costs. The company knows that some of its
costs are variable and some are fixed, but no idea how to separate out the variable and fixed
components. They have asked you to evaluate their costs so that they can estimate them for the
upcoming budget. They expect that their costs are related to Sales.
Month Sales Total Cost
January $3,359,390 $2,511,102
February $2,568,078 $2,475,480
March $3,126,349 $2,352,690
April $2,477,597 $2,112,343
May $3,644,510 $2,792,431
June $3,537,486 $2,655,898
July $2,960,222 $2,468,292
August $3,024,270 $2,530,523
September $3,017,485 $2,227,392
October $2,967,485 $2,262,935
November $3,701,534 $2,553,913
December $2,640,893 $2,037,639
1. What is the mixed cost (y-values)?
2. What is the activity (x-values)?
3. What is the high month?
4. What is the low month?
5. Using the high/low method, determine the variable rate (slope).
[Include the calculation of the change in y, change in x, and calculation of slope]
6. Using the high/low method, determine the fixed cost portion of the mixed cost
(intercept).
[Formula should include link to slope calculated in part 5 and high(low) data in the
original data. Use b=y-mx where, y and x are the high or low amounts from the given
data and m is the slope calculated in part 5]
7. Using the excel regression formula (=slope), determine the variable rate (slope) [For a
tutorial on using the =slope formula, see the PowerPoint presentation on the ACCT 102
website or view the video for the Excel #2 template on the ACCT 102 website].
8. Using the excel regression formula (=intercept), determine the fixed cost portion of the
mixed cost (intercept). [For a tutorial on using the =intercept formula, see the PowerPoint
presentation on the ACCT 102 website or view the video for the Excel #2 template on the
ACCT 102 website].
9. If the company expects Sales to be $3,250,000, estimate the Total Costs using both the
results from the high-low method (part 5 &6) and regression (part 7&8).
[Determine Total Cost using high/low method (linking to parts 5&6) and Total Cost
using regression (linking to parts 7&8)]
© Copyright of Michael J. Meyer 2009. Use by permission only.
pf2

Partial preview of the text

Download Excel Assignment 2 - Managerial Accounting | ACCT 102 and more Assignments Management Accounting in PDF only on Docsity!

Excel Assignment # High Low Method and Mixed Costs Winter 2010 Teresa Company has had trouble estimating its total costs. The company knows that some of its costs are variable and some are fixed, but no idea how to separate out the variable and fixed components. They have asked you to evaluate their costs so that they can estimate them for the upcoming budget. They expect that their costs are related to Sales. Month Sales Total Cost January $3,359,390 $2,511, February $2,568,078 $2,475, March $3,126,349 $2,352, April $2,477,597 $2,112, May $3,644,510 $2,792, June $3,537,486 $2,655, July $2,960,222 $2,468, August $3,024,270 $2,530, September $3,017,485 $2,227, October $2,967,485 $2,262, November $3,701,534 $2,553, December $2,640,893 $2,037,

  1. What is the mixed cost (y-values)?
  2. What is the activity (x-values)?
  3. What is the high month?
  4. What is the low month?
  5. Using the high/low method, determine the variable rate (slope). [Include the calculation of the change in y, change in x, and calculation of slope]
  6. Using the high/low method, determine the fixed cost portion of the mixed cost (intercept). [Formula should include link to slope calculated in part 5 and high(low) data in the original data. Use b=y-mx where, y and x are the high or low amounts from the given data and m is the slope calculated in part 5]
  7. Using the excel regression formula (=slope), determine the variable rate (slope) [For a tutorial on using the =slope formula, see the PowerPoint presentation on the ACCT 102 website or view the video for the Excel #2 template on the ACCT 102 website].
  8. Using the excel regression formula (=intercept), determine the fixed cost portion of the mixed cost (intercept). [For a tutorial on using the =intercept formula, see the PowerPoint presentation on the ACCT 102 website or view the video for the Excel #2 template on the ACCT 102 website].
  9. If the company expects Sales to be $3,250,000, estimate the Total Costs using both the results from the high-low method (part 5 &6) and regression (part 7&8). [Determine Total Cost using high/low method (linking to parts 5&6) and Total Cost using regression (linking to parts 7&8)] © Copyright of Michael J. Meyer 2009. Use by permission only.
  1. If Sales are $3,250,000, prepare a contribution margin income statement using both the high-low method and regression variable cost rates and fixed costs.
  2. Calculate the operating leverage.
  3. Based on you calculation of operating leverage in Part 11, if sales increase by 15% then the resulting net income will be a. Higher than 15% b. Lower than 15% c. Equal to 15% SAVE FILE AS FOLLOWS: LAST NAME FIRST NAME EXCEL 2 Rules regarding the completion of the Excel Assignments:
  1. You MUST use the Excel Templates provided on the ACCT 102 website for this quarter.
  2. To receive credit, you must save your file as an .xls or .xlsx file. This is only an issue if you are using a MAC or other APPLE computer where you must save your file as one of these formats. It is the students responsibility to assure that your instructor can read your file. If it cannot be read, your grade will be a ZERO. NO EXCEPTIONS.
  3. You MUST sign the academic honesty pledge or you will automatically receive a zero, NO EXCEPTIONS!
  4. You MUST use formulas and links whenever possible. If you simply type in your solutions rather than use formulas, you will receive a zero.
  5. You MUST name your Excel files per the instruction sheet (Last Name First Name Excel #). Failure to name your Excel file will result in a zero, NO EXCEPTIONS.
  6. Your Instructor will inform you how to electronically send your assignments. Failure to follow YOUR INSTRUCTOR’S INSTRUCTIONS will result in a zero grade for the assignment (note that each instructor may have his/her own required method of turning in the assignment).
  7. To receive credit, you instructor must RECEIVE your assignment by the due date no later than 11pm without exception.
  8. This assignment MUST completed individually. Working together constitutes academic dishonesty and will result in receiving a failing grade for the quarter. © Copyright of Michael J. Meyer 2009. Use by permission only.