Homework Answers
|
Units Produced |
Total cost |
|
|
March |
10050 |
17285 |
|
April |
8900 |
15853 |
|
May |
10500 |
17547 |
|
June |
8730 |
15423 |
|
July |
9410 |
16273 |
The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.
|
Units |
Total cost |
|
|
High activity level |
10500 |
17547 |
|
Low activity level |
8730 |
15423 |
Variable cost per unit = Change in total cost
Change in quantity
= 17547-15423
10500-8730
=2124
1770
=1.2 per unit
Fixed Cost = Total cost-Variable Cost
Let us take at 10500 activity (since fixed remains same at any level of activity)
=17547-(10500*1.2)
Fixed Cost = 4947
Cost formula = Variable cost +Fixed Cost
1.2 per unit produced+4947
Total cost to produce 9400 units
=Variable cost +Fixed Cost
=1.2*9400+4947
=16227
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Sheridan 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...
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 18-2 Westerville Company accumulates the following data concerning a mixed cost, using units...
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...
Thank you (: Do It! Review 18-2 Westerville Company accumulates the following data concerning a mixed...
Thank you (:
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 10,050 8,940 10,600 8,780 9,520 Total Cost $16,688 15,336 17,398 14,886 15,746 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 LINK TO TEXT x Your...
Apex Industries accumulates the following data concerning a mixed cost, using units produced as the activity...
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.
Do It! Review 11-2 Sheffield Company accumulates the following data concerning a mixed cost, using units...
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...
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
$
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...
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...
Do It! Review 11-2 (Part Level Submission) Monty Company accumulates the following data concerning a mixed...
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 Sunland Company accumulates the following data concerning a mixed cost, using miles as...
Brief Exercise 18-04 Sunland Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 8,020 7,505 Total Cost $14,195 13,513 March April Miles Driven 8,550 8,205 Total Cost $14,976 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 mile $ Compute the fixed cost elements using the high-low method. Fixed costs $ Click if you would like to...
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 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...
Thank you (:
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 10,050 8,940 10,600 8,780 9,520 Total Cost $16,688 15,336 17,398 14,886 15,746 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 LINK TO TEXT x Your...
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.
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...
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
$
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...
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 Sunland Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 8,020 7,505 Total Cost $14,195 13,513 March April Miles Driven 8,550 8,205 Total Cost $14,976 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 mile $ Compute the fixed cost elements using the high-low method. Fixed costs $ Click if you would like to...
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