JumpStart Co recorded the following production activity and maintenance costs for two months. Units High activity...
JumpStart Co recorded the following production activity and maintenance costs for two months.
Units
High activity level 11,000 $11,700
Low activity level 8,000 9,100
Compute:
1. The VC per unit
2. Total FC
Calculations
High Level
Low Level
Change
Unit VC=?
Unit FC=?
Homework Answers
| Calculation | |||
| Total Cost | Units | ||
| High level | 11700 | 11000 | |
| Low level | 9100 | 8000 | |
| Change | 2600 | 3000 | |
| Unit VC | 2600/3000 = 0.8666 or .87 | ||
| FC | 11700-9533 = 2167 |
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JumpStart Co recorded the following production activity and
maintenance costs for two months.
Units
High activity...
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Blossom Corp. has collected the following data concerning its maintenance costs for the past 6 months....
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Units Produced
Total Cost
July
18,020
$41,545
August
32,032
48,048
September
36,036
55,055
October
22,022
42,358
November
40,040
74,575
December
38,038
62,062
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(Round answer to 2 decimal places, e.g.
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Variable cost per unit
$
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The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost $ 5,550 8,430 Month June July August September October November December Units Produced 100 190 110 140 200 230 50 5,870 6,830 8,750 9,710 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Total cost at the high point Variable costs at the high point: Volume...
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Blossom Corp. has collected the following data concerning its
maintenance costs for the past 6 months.
Units Produced
Total Cost
July
18,020
$41,545
August
32,032
48,048
September
36,036
55,055
October
22,022
42,358
November
40,040
74,575
December
38,038
62,062
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
$
The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost $ 5,550 8,430 Month June July August September October November December Units Produced 100 190 110 140 200 230 50 5,870 6,830 8,750 9,710 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Total cost at the high point Variable costs at the high point: Volume...
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