Using the high-low method, what is the fixed cost per month?
Homework Answers
Answer:
Fixed cost per month=$1800
| Variable cost as per High low method as under |
| Variable cost (VC) = (Change in cost / Change in production) |
| =6000-3200 / 105,000- 35,000 |
| =2800 /70,000 |
| =0.04 per copy |
| Fixed cost =Total cost- Variable cost |
| Fixed cost for month of February |
| =3200- (35,000*0.04) |
| =3200-1400 |
| =$1800 |
Add Answer to:
Using the high-low method, what is the fixed cost per month?
Tool Content January February March...
Number of Copies 40,000 35,000 Month January February March April May June July August 60,000 80,000...
Number of Copies 40,000 35,000 Month January February March April May June July August 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $4,100 $5,100 $ 5,600 $4,800 $5,300 $6,000 - Your answer is partially correct. Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is the equation of the line that would be drawn for a scattergraph. (Round variable cost to 4 decimal places, e.g. 15.2513 and fixed cost to O...
Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is...
Assuming the line intersects the y-axis at $2,000 and using the
January activity levels what is the equation of the line that would
be drawn for a scattergraph. (Round variable cost to 4 decimal
places, e.g. 15.2513 and fixed cost to 0 decimal places, e.g
1526.)
y= $_____/copy+$____
Month January February March April Number of Copies 40,000 35,000 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $ 4,100 $ 5,100 $ 5,600 $ 4,800 $5,300 $ 6,000...
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $ 3,500 February 35,000 $ 3,200 March 60,000 $ 4,100 April 80,000 $ 5,100 May 85,000 $ 5,600 June 75,000 $ 4,800 July 82,000 $ 5,300 August 105,000 $ 6,000 Using the high-low method, what is the fixed cost per month? Fixed cost $
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $ 3,500 February 35,000 $ 3,200 March 60,000 $ 4,100 April 80,000 $ 5,100 May 85,000 $ 5,600 June 75,000 $ 4,800 July 82,000 $ 5,300 August 105,000 $ 6,000 Using the high-low method, what is the variable cost per copy? (Round answer to 2 decimal places, e.g. 15.25.) Variable...
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $ 3,500 February 35,000 $ 3,200 March 60,000 $ 4,100 April 80,000 $ 5,100 May 85,000 $ 5,600 June 75,000 $ 4,800 July 82,000 $ 5,300 August 105,000 $ 6,000 (a) Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is the equation of...
please answer A - E! Thank you! 2-20 Scattergraph; high-low method; cost estimation (LO 2) The...
please answer A - E! Thank you!
2-20 Scattergraph; high-low method; cost estimation (LO 2) The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $3,500 February 35,000 $3,200 March 60,000 $4,100 April 80,000 $5,100 May 85,000 $5,600 June 75,000 $4,800 July 82,000 $5,300 August 105,000 $6,000 Required a. Prepare a scattergraph of the cost information and then choose a...
Question 4 In applying the high-low method, what is the fixed cost? Month Miles 80,000 January...
Question 4 In applying the high-low method, what is the fixed cost? Month Miles 80,000 January February 50,000 Total Cost $144,000 120,000 141,000 195,000 March 70,000 April 90,000 $26,250 $54,000 $21,000 $75,000
Question 10 In applying the high-low method, what is the fixed cost? Month January February March...
Question 10 In applying the high-low method, what is the fixed cost? Month January February March April Miles 70000 40000 60000 80000 Total Cost $92000 60000 88000 100000 $20000 $12000 $32000 O $40000
6. In applying the high-low method, what is the unit variable cost? Month January February Miles...
6. In applying the high-low method, what is the unit variable cost? Month January February Miles 76,000 60,000 68,000 90,000 Total Cost $182,000 140,000 168,000 200,000 March April
In applying the high-low method, what is the total fixed cost? Month Miles (units) Total Cost...
In applying the high-low method, what is the total fixed cost? Month Miles (units) Total Cost (dollars) January 80,000 $ 96,000 February 50,000 80,000 March 70,000 94.000 April 90,000 130,000 O $36,000 $17,500 $14,000 $50,000
Number of Copies 40,000 35,000 Month January February March April May June July August 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $4,100 $5,100 $ 5,600 $4,800 $5,300 $6,000 - Your answer is partially correct. Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is the equation of the line that would be drawn for a scattergraph. (Round variable cost to 4 decimal places, e.g. 15.2513 and fixed cost to O...
Assuming the line intersects the y-axis at $2,000 and using the
January activity levels what is the equation of the line that would
be drawn for a scattergraph. (Round variable cost to 4 decimal
places, e.g. 15.2513 and fixed cost to 0 decimal places, e.g
1526.)
y= $_____/copy+$____
Month January February March April Number of Copies 40,000 35,000 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $ 4,100 $ 5,100 $ 5,600 $ 4,800 $5,300 $ 6,000...
please answer A - E! Thank you!
2-20 Scattergraph; high-low method; cost estimation (LO 2) The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $3,500 February 35,000 $3,200 March 60,000 $4,100 April 80,000 $5,100 May 85,000 $5,600 June 75,000 $4,800 July 82,000 $5,300 August 105,000 $6,000 Required a. Prepare a scattergraph of the cost information and then choose a...
Question 4 In applying the high-low method, what is the fixed cost? Month Miles 80,000 January February 50,000 Total Cost $144,000 120,000 141,000 195,000 March 70,000 April 90,000 $26,250 $54,000 $21,000 $75,000
Question 10 In applying the high-low method, what is the fixed cost? Month January February March April Miles 70000 40000 60000 80000 Total Cost $92000 60000 88000 100000 $20000 $12000 $32000 O $40000
6. In applying the high-low method, what is the unit variable cost? Month January February Miles 76,000 60,000 68,000 90,000 Total Cost $182,000 140,000 168,000 200,000 March April
In applying the high-low method, what is the total fixed cost? Month Miles (units) Total Cost (dollars) January 80,000 $ 96,000 February 50,000 80,000 March 70,000 94.000 April 90,000 130,000 O $36,000 $17,500 $14,000 $50,000
Most questions answered within 3 hours.
-
question
you were
asked to create a regression that will predict the amount of saving
for...
asked 5 minutes ago -
If tcalc = -2.78, tcrit = 1.96, H0: Mu > Mu0, and Xbar <
Mu0, what...
asked 27 minutes ago -
Circular distribution
•Suppose two birds are flying, one is flying from the north and
the other...
asked 26 minutes ago -
please answer all... it all counts as a discussion problem
1a qualitative data and proportions: Suppose...
asked 30 minutes ago -
Typing The Answer Is Mandatory
Temperature is a measure of heat. More heat means that more...
asked 20 minutes ago -
An ideal gas ( 2.00 mol) is the working substance in an engine
that operates on...
asked 18 minutes ago -
Assume you are working with a standard deck of 52 cards. There
are 13 cards (2,...
asked 24 minutes ago -
A cell phone company offers two plans to its subscribers. At the
time new subscribers sign...
asked 23 minutes ago -
Write a program that reads a floating point number and prints
“zero” if the number is...
asked 28 minutes ago -
Geoff has been running a restaurant in the city for many years.
He knows from experience...
asked 38 minutes ago -
NaOH is added to a buffer solution composed of C6H5COOH and
C6H5COO―. Which of the following...
asked 30 minutes ago -
Program: Write a complete C++ program that is
made of functions main() and rShift(). The rShift()...
asked 38 minutes ago