Answers
Months |
Miles drivem |
Cost |
|
High Level |
January |
10,000 |
$ 15,000.00 |
Low Level |
April |
7,500 |
$ 12,500.00 |
Difference |
2,500 |
$ 2,500.00 |
Difference in Cost |
$ 2,500.00 |
Difference in miles |
2,500 |
Variable cost per unit |
$ 1.00 [$2500 / 2500] |
Working |
High Level |
Low Level |
|
A |
Total Cost |
$ 15,000.00 |
$ 12,500.00 |
B |
Total miles driven |
10000 |
7500 |
C |
Variable cost per unit |
$ 1.00 |
$ 1.00 |
D = B x C |
Total Variable cost |
$ 10,000.00 |
$ 7,500.00 |
E = A - D |
Total Fixed Cost |
$ 5,000.00 |
$ 5,000.00 |
--Variable cost = $ 1.00 per mile driven
--Fixed C0st = $ 5000 per month
Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the...
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 $
vuu Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January 10,000 $16,500 March 9,000 $12,500 February 8,000 $14,500 April 7,000 $12,000 Instructions Compute the variable and fixed cost elements using the high-low method. 25. In the month of April, Avante Salon gave 2.500 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $20,000 and variable costs were 75%...
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 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...
Compute total machine setups and inspection costs assigned to each product, using a single a. overhead rate Compute total machine setups and inspection costs assigned to each product, using b. activity-based costing Problem # 2 Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Total Cost $17,000 13,500 14,400 12,500 1T Miles Driven 10,000 8,000 9,000 7,000 January February March April Instructions Compute the variable and fixed cost elements using the high-low method.
w Attempt History trent Attempt in Progress Crane Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Total Driven Cost January 7,995 $14180 March February 7,505 13 502 April Miles Driven 8,510 8.200 Total Cost $14.909 14.495 ✓ Your answer is correct Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, eg 2.25 Variable cost per miles la2 Compute the fixed cost elements using the high...
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...
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...
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.