Homework Answers
Variable cost = (Cost at highest activity - Cost at lowest activity) /(Highest activity-Lowest activity)
= (17,398 - 14,886)/(10,600-8780)
= 1.38
Fixed cost = Total cost - Variable cost
= 17,398 - (10,600*1.38)
= 2770
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Do It! Review 18-2 Westerville Company accumulates the following data concerning a mixed...
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Martinez Company accumulates the following data concerning a mixed cost, using units produced as the activity...
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.)
Martinez...
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Westerville Corp. has collected the following data concerning its maintenance costs for the past six months:...
Westerville Corp. has collected the following data concerning its maintenance costs for the past six months: Units Produced Total Cost July 17,300 $31,620 August 32,900 48,000 September 36,100 55,100 October 22,400 39,000 November 40,300 65,200 December 38,200 62,300 (a1) Calculate 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
Brief Exercise 18-04 Blossom Company accumulates the following data concerning a mixed cost, using miles as...
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...
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
$
Do It! Review 18-2 Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level March April May June July Units Produced 9,950 9,050 10,400 8,900 9,550 Total Cost $13,240 12,690 13,940 12,290 13,140 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 LINK TO TEXT Compute the fixed cost elements using the high-low method. (Round answer to...
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...
Assignment Gradebook ORION Downloadable eTextbook ent FULL SCREEN PRINTER VERSION BACK Do It! Review 19-7 Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level. March April May June July Units Produced Total Cost 10,150 $18,124 9,000 16,507 10,600 18,834 16,047 9,490 16,937 8,790 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 varlable cost per unit...
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...
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.)
Martinez...
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
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...
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
$
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