The following data have been extracted from the records of Puzzle Inc.: Required: a. Calculate the missing

Question:

The following data have been extracted from the records of Puzzle Inc.:

Required:

a. Calculate the missing costs.

b. Calculate the cost formula for mixed cost using the high?low method.

c. Calculate the total cost that would be incurred for the production of 16,000 units.

d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c.

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Related Book For answer-question

Accounting What the Numbers Mean

ISBN: 978-1260565492

12th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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Question Posted: Oct 29, 2019 09:44 AM

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The following data have been extracted from the records of Puzzle Inc.: Required: a. Calculate the missing

Question:

February 10,000 August 20,000 Production level, in units. Variable costs Fixed costs.. Mixed costs. $ ? 36,000 $24,000 20,000 Total costs.... $80,000 $118,000

Step by Step Answer:

a February August Production level units 10000 units 20000 units Costs Variable 24000 10000 units ...View the full answer

Accounting What the Numbers Mean

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