Ajax uses the high-low method of estimating costs. Ajax had total costs of $46,820 at its...
Ajax uses the high-low method of estimating costs. Ajax had total costs of $46,820 at its lowest level of activity, when 5,500 units were sold. When, at its highest level of activity, sales equaled 18,300 units, total costs were $80,100. Ajax would estimate fixed costs as: Multiple Choice $33,280 $55,120 $126,920 $32,520
Homework Answers
| Answer: |
|
Variable cost per unit = (Highest Total Costs (-) lowest Total Costs) / ( Highest Sales(-) lowest Sales = ( $ 80,100 (-) $ 46,820 ) / ( 18,300 (-) 5,500 )Units = $ 33,280 / 12,800 = $ 2.60 Per unit |
|
Fixed cost = Highest Total
Cost (-) ( Highest Sales x Variable cost per unit
) = $ 80,100 (-) ( 18,300 x $ 2.60) = $ 80,100 (-) $ 47,580 = $ 32,520 |
| Fixed cost = $ 32,520 |
| Option (d) is Correct |
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Ajax uses the high-low method of estimating costs. Ajax had
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Lark, which uses the high-low method, had total costs of $30,490 at its lowest level of...
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Winston uses the high-low method. It had an average cost per unit of $5.30 at its...
Winston uses the high-low method. It had an average cost per unit of $5.30 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $3.70 at its highest level of activity when sales equaled 20,000 units. What would Winston estimate its total cost to be if sales equaled 9,000 units? Multiple Choice Ο S50, 900 Ο Ο S32,000 Ο 518 900
Carson, which uses the high-low method of estimating costs, reported total costs of $24 per unit...
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help asap Salles equaled 21,400 units, total onisli > ? 9. tu ed Georgia uses the...
help asap
Salles equaled 21,400 units, total onisli > ? 9. tu ed Georgia uses the high low method of estimating costs, Georgia had to the costs of $32,775 and its lowest activity unen 5,300 units were sold. when, at its highest level of actity costs were $185,100. Georgia would estimare variable cost per unit as $4.41 185,100 - 32,775 21,40p - 5,300 $3.25 $3.98 - $6.18
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Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its lowest level of activity, when 5.700 units were sold. When, at its highest level of activity, sales equaled 14,200 units, total costs were $83,300. Georgia would estimate variable cost per unit as: Multiple Choice O $5.40 $6.95 O O O $4.25 O O $5.87
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its lowest level of activity, when 5.700 units were sold. When, at its highest level of activity, sales equaled 14,200 units, total costs were $83,300. Georgia would estimate variable cost per unit as: Multiple Choice O $5.40 $6.95 O O O $4.25 O O $5.87
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Lark, which uses the high-low method, had total costs of $30,490 at its lowest level of activity when 10,500 units were sold. When, at its highest level of activity, sales equaled 16,700 units, total costs were $39,790. Lark would estimate fixed costs as: 0 $9,300 O $54,040 $14,740 O $68,080
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help asap
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