Vincente Corporation Has a Machining Capacity of 200,000 Hours Per

question 86

Essay

Vincente Corporation has a machining capacity of 200,000 hours per year. Utilization of capacity is normally 75%; it has been as low as 40% and as high as 90%. An analysis of the accounting records revealed the following selected costs:
Vincente uses the high-low method to analyze cost behavior.
Required:
A. Classify each of the costs as being either variable, fixed, or semivariable.
B. Calculate amounts for the two unknowns in the preceding table.
C.
C. Calculate the total amount that Viscount would expect at a 75% utilization rate for Cost A, Cost B, and Cost
D. Develop an equation that Vincente can use to predict total cost for any level of hours within its range of operation.

---

Definitions:

Mead's I and Me

Concepts from George Herbert Mead's social psychology theory that distinguish between the spontaneous, unorganized aspect of the self ('I') and the organized set of attitudes of others that one assumes ('Me').

Agent of Socialization

People or groups that influence our self-concept, emotions, attitudes, and behavior through the process of socialization, such as family, schools, and media.

Game Stage

A concept in child development where individuals learn to understand and assume roles within specific contexts, as theorized by George Herbert Mead.

Mead

George Herbert Mead, an American sociologist known for his contributions to the social theory of symbolic interactionism.