Gregorys Gems accumulated the following production and overhead cost data for the past 5 months. Required A.

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Gregory€™s Gems accumulated the following production and overhead cost data for the past 5 months.

Required
A. Use the high/low method to calculate the variable cost per unit and fixed costs for Gregory€™s Gems.
B. What are estimated total costs for production of 12,000units?

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Managerial Accounting A Focus on Ethical Decision Making

ISBN: 978-0324663853

5th edition

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

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Question Posted: Mar 11, 2015 09:52 AM

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Gregorys Gems accumulated the following production and overhead cost data for the past 5 months. Required A.

Question:

January February March April May Production (units) 10,600 10,500 11,500 12,500 11,000 Overhead Cost $40,250 40,000 44,250 45,500 43,750

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A High activity level 12500 units April Low activity leve...View the full answer

Managerial Accounting A Focus on Ethical Decision Making

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