Martinez Company accumulates the following data concerning a
mixed cost, using units produced as the activity level. \
Show Work
1. Compute the variable cost per unit using the high-low method.
(Round variable cost per unit to 2 decimal places e.g.
12.25.)
2. Compute the fixed cost elements using the high-low method.
(Round answer to 0 decimal places, e.g.
5,275.)
3. Estimate the total cost if the company produces 8,100 units. (Round answer to 0 decimal places, e.g. 5,275.)
Homework Answers
1. Variable cost = (Cost at highest activity - Cost at lowest activity) /(Highest activity-Lowest activity)
= (28,050-24,042)/(10,600-8930)
= 2.4
2. Fixed cost = Total cost - Variable cost
= 28,050 - (2.4*10,600)
= 2610
3. Total Cost
= (2.4*8100)+2610
= 22,050
Add Answer to:
Martinez Company accumulates the following data concerning a
mixed cost, using units produced as the activity...
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Thank you (:
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Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level....
Bruno Company accumulates the following data concerning a mixed
cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
7,995
$14,200
March
8,510
$15,010
February
7,510
13,510
April
8,195
14,495
Compute the variable cost per mile using the high-low method.
(Round variable cost per mile to 2 decimal places e.g.
1.25.)
Variable cost per mile
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
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Apex Industries accumulates the following data concerning a mixed cost, using units produced as the activity...
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Brief Exercise 18-04 Crane Company accumulates the following data concerning a mixed cost, using miles as...
Brief Exercise 18-04
Crane Company accumulates the following data concerning a mixed
cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
7,995
$14,200
March
8,550
$14,987
February
7,490
13,503
April
8,200
14,490
Compute the variable cost per mile using the high-low method.
(Round answer to 2 decimal places, e.g.
2.25.)
Variable cost per mile
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Brief Exercise 18-04 Blossom Company accumulates the following data concerning a mixed cost, using miles as...
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Do It! Review 11-2 Sheffield Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Total Cost March April Units Produced 10,130 9,230 10,600 9,040 9,770 May June July $26,560 24,132 27,310 23,722 24,572 x Your answer is incorrect. Try again. Compute the variable cost per unit using the high-low method. (Round variable cost per unit to 2 decimal places e.g. 12.25.) Variable cost per unit 1.81 Your answer is incorrect. Try again. Compute...
Sheridan Company accumulates the following data concerning a mixed cost, using units produced as the activity level. March April May June July Units Produced 10,050 8,900 10,500 8,730 9,410 Total Cost $17,285 15,853 17,547 15,423 16,273 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per unit Compute the fixed cost elements using the high-low method. Fixed costs Using the information from your answer to above part, write the...
Thank you (:
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Bruno Company accumulates the following data concerning a mixed
cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
7,995
$14,200
March
8,510
$15,010
February
7,510
13,510
April
8,195
14,495
Compute the variable cost per mile using the high-low method.
(Round variable cost per mile to 2 decimal places e.g.
1.25.)
Variable cost per mile
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Do It! Review 11-2 (Part Level Submission) Monty Company accumulates the following data concerning a mixed cost, using units produced as the activity level. March April Units Produced 9,990 9,060 10,500 8,810 9,510 May June July Total Cost $27,140 24,244 27,900 23,844 24,764 (a1) Compute the variable cost per unit using the high-low method. (Round variable cost per unit to 2 decimal places eg. 12.25.) Variable cost per units
Apex Industries accumulates the following data concerning a mixed cost, using units produced as the activity level. January February March April |May Units Produced 2,000 3,500 4,3001 5,000 3,000 Total Cost $3,000 4,900 6,100 6,300 4,200 Using the high-low method, the variable cost per unit is A $1.65, while total fixed costs are $1,950. B $0.95, while total fixed costs are $1,100. © $1.10, while total fixed costs are $800. D $1.20, while total fixed costs are $600.
Brief Exercise 18-04
Crane Company accumulates the following data concerning a mixed
cost, using miles as the activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January
7,995
$14,200
March
8,550
$14,987
February
7,490
13,503
April
8,200
14,490
Compute the variable cost per mile using the high-low method.
(Round answer to 2 decimal places, e.g.
2.25.)
Variable cost per mile
$
Compute the fixed cost elements using the high-low
method.
Fixed costs
$
Brief Exercise 18-04 Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 7,990 7,485 Total Cost $14,100 13,468 March April Miles Driven 8,490 8,190 Total Cost $14,875 14,485 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) variable cost per miles Variable cost per mile LINK TO TEXT Compute the fixed cost elements using the high-low method. Fixed costs LINK...
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