Homework Answers
Variable cost = (Cost at highest activity - Cost at lowest activity) /(Highest activity-Lowest activity)
= (9500-4700)/(8500-3700)
= 1 per unit
Fixed cost = Total cost - Variable cost
= 9500 - (8500*1)
= 1000
Cost function = 1000+1x
Option C
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outlers F +vX 25. Presented below are the production data for the first six months of the year for the mixed costs incurred by Crew Industries.(10 Points) Cost $4,076 4,012 Month January February March April May June Units 3,050 3.000 4.270 6.500 3,700 5,600 5,560 7.840 5,100 6,780 0 Crew Industries uses the high-low method to analyze mixed costs. Required: (1) How would the cost function be stated? (Round results to the nearest cent.) (2) What is the estimated total...
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