Question

Brief Exercise 18-04 Blossom Company accumulates the following data concerning a mixed cost, using miles as the activity leve
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Answer
Miles Total Cost
January 7990 $     14,100
February 7485 $     13,468
March 8490 $     14,875
April 8190 $     14,485
Computation of the variable and fixed cost elements using the high-low method
Particulars Miles Total Cost
Miles are high in the month of March         8,490 $     14,875
Miles are Low in the month of February         7,485 $     13,468
Computation of Variable cost per Unit
Variable cost per Unit = Difference in total costs/Difference in Miles
Variable cost per Unit = 14,875-13468 /8490-7485
Variable cost per Unit = 1407/1005
Variable cost per Mile =$ 1.40
Computation of Fixed cost
Total Cost = Variable cost + Fixed Cost
Total Cost = 8490*1.40 + Fixed Cost
$ 14,875 = 11,886 + Fixed Cost
Fixed Costs = 14,875-11,886
Fixed Costs =$ 2,989
Add a comment
Know the answer?
Add Answer to:
Brief Exercise 18-04 Blossom Company accumulates the following data concerning a mixed cost, using miles as...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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...

  • 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 $

  • 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 $

  • CALCULATOR FULL SCREEN Brief Exercise 18-04 Cullumber Company accumulates the following data concerning a mixed cost,...

    CALCULATOR FULL SCREEN Brief Exercise 18-04 Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 8,005 7,500 Total Cost $14,170 13,490 March April Miles Driven 8,500 8,200 Total Cost $14,790 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 Problem 18-04A Pharoah Corp.'s sales...

  • CALCULATUR FULL SCREEN PRINTER VERSION BACK NE Brief Exercise 18-04 Wildhorse Company accumulates the following data...

    CALCULATUR FULL SCREEN PRINTER VERSION BACK NE Brief Exercise 18-04 Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. January February Miles Driven 8,000 7,490 Total Cost $14,120 13,495 March April Miles Driven 8,550 8,195 Total Cost $14,979 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...

  • w Attempt History trent Attempt in Progress Crane Company accumulates the following data concerning a mixed...

    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...

  • 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...

  • Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the...

    Question 1 Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. January 10.00 $15,000 13,500 4,400 12,500 February 8,00 March 9,000 7,500 April Instructions Compute the variable and fixed cost elements using the high-low method.

  • vuu Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Dr...

    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%...

  • Sheridan Company accumulates the following data concerning a mixed cost, using units produced as the activity...

    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...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT