T.L. Franklin Corporation has three costs: A, which is variable; B, which is fixed; and C,...

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T.L. Franklin Corporation has three costs: A, which is variable; B, which is fixed; and C, which is semivariable. The company uses the high-low method and extracted the following data from its accounting records: • At 198,000 hours of activity, Cost A totaled $2,646,000. . At 113,450 hours, the low point during the period, Cost C totaled $1,516,000, at 218,000 hours, the high point, Cost C's fixed portion amounted to $1.75 per hour. • At 142,000 hours of activity, the sum of Costs A, B, and C amounted to $8,198,000. Required: A. Compute the variable portion (total) of Cost C at 113,450 hours of activity. B. Compute Cost C (total) at 142,000 hours of activity. C. Compute Cost B (total) at 142,000 hours of activity. For all requirements, do not round intermediate calculations. Round your final answers to the nearest dollar amount. A. Variable portion of Cost C B. Total of Cost C C. Total of Cost B T.L. Franklin Corporation has three costs: A, which is variable; B, which is fixed; and C, which is semivariable. The company uses the high-low method and extracted the following data from its accounting records: • At 198,000 hours of activity, Cost A totaled $2,646,000. . At 113,450 hours, the low point during the period, Cost C totaled $1,516,000, at 218,000 hours, the high point, Cost C's fixed portion amounted to $1.75 per hour. • At 142,000 hours of activity, the sum of Costs A, B, and C amounted to $8,198,000. Required: A. Compute the variable portion (total) of Cost C at 113,450 hours of activity. B. Compute Cost C (total) at 142,000 hours of activity. C. Compute Cost B (total) at 142,000 hours of activity. For all requirements, do not round intermediate calculations. Round your final answers to the nearest dollar amount. A. Variable portion of Cost C B. Total of Cost C C. Total of Cost B

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Using the highlow method we can first calculate the variable portion of Cost C as follows Variable portion of Cost C Total cost at high point Total fi... View the full answer