The following data have been extracted from the records of Puzzle Incorporated: August Production level, in...
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The following data have been extracted from the records of Puzzle Incorporated: August Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 11,300 $ 25,990 24,860 $? 37,400 ? ? 21, 203 $ 84,593 $ 133,545 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 15,820 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. The following data have been extracted from the records of Puzzle Incorporated: August Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 11,300 $ 25,990 24,860 $? 37,400 ? ? 21, 203 $ 84,593 $ 133,545 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 15,820 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c.
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a Calculate the missing costs To calculate the missing costs we need to use the highlow method The h... View the full answer
Related Book For
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
Posted Date:
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