Question

Current Attempt in Progress Marigold Corp. used high-low data from June and July to determine its variable cost of $15 per un

1 0
Add a comment Improve this question Transcribed image text
Answer #1

Correct answer------------$28,500

Working

No of units 1500
Variable cost (1500 x 15) $     22,500.00
Fixed cost* $        6,000.00
Total cost $     28,500.00

*Fixed cost = Total cost at 1200 units - Variable cost

Fixed cost = (24000-(1200 x 15)= $6000

Add a comment
Know the answer?
Add Answer to:
Current Attempt in Progress Marigold Corp. used high-low data from June and July to determine its...
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
  • Crane Company used high-low data from June and July to determine its variable cost of $10...

    Crane Company used high-low data from June and July to determine its variable cost of $10 per unit. Additional information follows: Month Units produced Total costs June 2300 $35000 July 1000 23000 If Crane’s produces 2600 units in August, how much is its total cost expected to be? $8364 $38000 $36000 $24000

  • e question Bonita Industries used high-low data from June and July to determine its variable cost...

    e question Bonita Industries used high-low data from June and July to determine its variable cost of $11 per unit. Additional information follows: Month Units produced Total costs June $27000 July 700 15000 If Bonita's produces 1800 units in August, how much is its total cost expected non nga naman ako sa com o $8182 $39000 $30300 $27000 Click if you would like to Show Work for this question: Open Show Work

  • Current Attempt in Progress Marigold Corp. has current assets of $1890000 and current liabilities of $600000....

    Current Attempt in Progress Marigold Corp. has current assets of $1890000 and current liabilities of $600000. If they issue $167000 of new stock, what will their new current ratio be? (rounded) O 3.2:1 O 3.4:1 O 2.9:1 O 2.7:1 Current Attempt in Progress The total liabilities of Nash's Trading Post, LLC decreased by $75000 during the month of August 2022. Stockholders' equity increased by $25000 during this period. By what amount and in what direction must total assets have changed...

  • Question 5 --/1 View Policies Current Attempt in Progress Waterway Industries's high and low level of...

    Question 5 --/1 View Policies Current Attempt in Progress Waterway Industries's high and low level of activity last year was 65000 units of product produced in May and 10000 units produced in November. Machine maintenance costs were $212000 in May and $47000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 48000 units. O $156750 O $195000 O $182250 O $161000

  • --/1 Question 2 View Policies Current Attempt in Progress Blossom Corp. has collected the following data...

    --/1 Question 2 View Policies Current Attempt in Progress Blossom Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 18,070 $41,663 August 32,128 48,192 September 36,144 55,220 October 22,088 44,580 November 40,160 74,798 December 38,152 62.248 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 $ e Textbook and Media Compute the fixed cost elements using...

  • Current Attempt In Progress The accounting records of Marigold Corp. show the following data. Beginning inventory...

    Current Attempt In Progress The accounting records of Marigold Corp. show the following data. Beginning inventory Purchases Sales 3,270 units at $6 8,550 units at $8 9,225 units at $11 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods...

  • Current Attempt In Progress The accounting records of Marigold Corp. show the following data. Beginning inventory Purch...

    Current Attempt In Progress The accounting records of Marigold Corp. show the following data. Beginning inventory Purchases Sales 3,270 units at $6 8,550 units at $8 9,225 units at $11 Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost Cost of goods...

  • Send to Gradebook < Prev Next Question 5 View Policies Current Attempt in Progress Marigold Corp....

    Send to Gradebook < Prev Next Question 5 View Policies Current Attempt in Progress Marigold Corp. purchased machinery for $313,500 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $16,500, production of 237,600 units, and working hours of 25,000. During 2021, Marigold Corp. uses the machinery for 2,650 hours, and the machinery produces 26,520 units. From the information given, compute the depreciation charge for 2021 under each of the...

  • Current Attempt in Progress Grouper Corp. reports the following for the month of June. Date Explanation Units Unit Cost...

    Current Attempt in Progress Grouper Corp. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost $5 $600 June 1 Inventory 120 12 Purchases 361 6 2,166 Purchases 23 214 7 1,498 30 Inventory 225 (a) Compute the cost of the ending inventory and the cost of goods sold under FI FO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.)...

  • Current Attempt in Progress The Aust Corporation has gathered the following data on its copy machine...

    Current Attempt in Progress The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Number of Total Copy Month Copies Cost January 46,000 $4,600 February 42,000 $4,400 March 58.000 $5,300 April 64,000 $6,300 May 57,000 $5,000 June 62,000 $5,800 July 68,000 $6,500 August 71,000 $7,300 Assuming the line intersects the y-axis at $500 and using the July activity levels what is the equation of the line that would be...

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