please answer all the questions below the problem
Homework Answers
Using High low Method VC/Unit and Fixed cost:-
Total Cost = a+bx
Where,
a is fixed cost
b is VC/ unit
x is activities.
b = (Cost @ highest activity - Cost @ lowest activity)/(Highest activity - Lowest activity)
= ($16,000 - $4,250)/(260 - 40)
= $11,750/220
b = $53
Fixed cost :-
$16,000 = a + 53*260
$16,000 = a + $13,780
a = $16,000 - $13,780
= $2,220
Variable Cost/Unit = $53
Fixed cost = $2,220
Highest Point Month - July
Lowest point Month - January
Total cost for 55 scans:-
Total Cost = $2,220 + ($53*55)
= $2,220 + $2,915
Total Cost = $5,135
Total cost for 299 Scans:-
Total cost = $2,220 + ($53*299)
= $2,220 + $15,847
Total cost = $18,067
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please answer all the questions below the problem
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please show all steps so I can fully understand how to
solve. thank you
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#1
#2
#3
Please show work
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 290 9,490 7,000 February 330 March 7,531 April 8,140 May 9,787 310 240 June 8,490 July 10,776 400 August 7,500 220 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In...
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known as Cat-B-Gone, which it sells in gallon-size bottles with a
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placed by homeowners who are trying to keep neighborhood cats out
of their yards. Odie's operating information for the first six
months of the year follows:
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Prepare scattergraph of Odie's operating cost and draw
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