ZuoTi.Pro
Question

Using the high-low method, Company X has determined the variable portion of its cost formula for...

Using the high-low method, Company X has determined the variable portion of its cost formula for electricity to be $2 per unit. For the month of July Company X estimates that total electricity cost will amount to $66,000 based on producing 30,000 units. The amount of fixed electricity cost estimated for July is

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Total fixed cost would be=$66000-(30,000 units@$2 per unit)

which is equal to

=$6000

0 0
Add a comment
Know the answer?
Add Answer to:
Using the high-low method, Company X has determined the variable portion of its cost formula for...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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

  • Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours...

    Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utlities cost. The company's cost and machine hour usage data for the first six months of the year follow (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If Coughlin Company...

  • Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best pred...

    Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If Coughlin Company...

  • High-Low and Cost Formula Harrison Company has accumulated the following total manufacturing overhead costs for two...

    High-Low and Cost Formula Harrison Company has accumulated the following total manufacturing overhead costs for two levels of activity (within the relevant range): Low High Activity (direct labor hours) 80,000 120,000 Total manufacturing overhead $234,000 $302,000 The total overhead cost includes variable, fixed, and mixed costs. At 120,000 direct labor hours, the total cost breakdown is as follows: Variable cost $132,000 Fixed cost 80,000 Semi-mixed cost $90,000 a. Using the high-low method of cost analysis, determine the variable portion of...

  • High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost...

    High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Total Costs $25,100,000 Units Produced 80,000 92,000 120,000 27,206,000 32,120,000 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) per unit Total fixed cost b. Based on part (a), estimate the total cost...

  • High-Low Method Shatner Inc. has decided to use the high-low method to estimate the total cost...

    High-Low Method Shatner Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 5,800 $694,400 1,800 446,400 3,720 673,070 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $ per unit Total fixed cost: $ b. Based on part (a), estimate the...

  • High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost...

    High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,690 $177,840 2,630 268,140 4,290 276,640 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $ per unit Total fixed cost: $ b. Based on part (a), estimate the...

  • Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours...

    Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: (Click the icon to view the data.) i Data Table Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3....

  • High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost...

    High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 2,280 $376,200 4,350 480,700 6,080 585,200 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) per unit 4 Total fixed cost: जी b. Based on part (a), estimate the...

  • Jungemann ​Company, which uses the​ high-low method to analyze cost​ behavior, has determined that machine hours best pr...

    Jungemann ​Company, which uses the​ high-low method to analyze cost​ behavior, has determined that machine hours best predict the​ company's total utilities cost. The​ company's cost and machine hour usage data for the first six months of the year​ follow: Jungemann Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow:...

  • High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variabl...

    High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 80,000 $25,100,000 92,000 27,206,000 120,000 32,120,000 a. Determine the Costs that vary in total dollar amount as the level of activity changes.variable cost per unit and the total Costs that tend to remain the same in amount, regardless of...

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