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Anderson company had the following 10 months of data on materials handing cost and number of moves

Accounting

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Anderson company had the following 10 months of data on materials handing cost and number of moves. Month

 

Number of Moves (Q)

Material handling cost (TC)

January

100

$2,000

February

125

3,090

March

175

2,780

April

200

1,990

May

500

7,500

June

300

5,300

July

250

4,300

August

400

6,300

September

475

5,600

October

425

6,240

 

Determine the high point and the low point, 

Answer 1

Choose...

$13.75

September & January

$625

May & January

$7,500

$18.75

$6,250

$4,812.50

$5,437.50

$6,875

May & April

$11

Calculate the variable rate for materials handing based on the number of moves (Q), 

Answer 2

Choose...

$13.75

September & January

$625

May & January

$7,500

$18.75

$6,250

$4,812.50

$5,437.50

$6,875

May & April

$11

Calculate the fixed monthly cost of materials handling, 

Answer 3

Choose...

$13.75

September & January

$625

May & January

$7,500

$18.75

$6,250

$4,812.50

$5,437.50

$6,875

May & April

$11

If Anderson company estimates that November will have 350 moves(Q), what is the total estimated materials handling cost (TC) for that month? 

Answer 4

Choose...

$13.75

September & January

$625

May & January

$7,500

$18.75

$6,250

$4,812.50

$5,437.50

$6,875