Colter Company accumulates the following data concerning a mixed cost, using units produced as the activity level.

Question:

(a) Compute the variable and fixed cost elements using the high-low method.
(b) Estimate the total cost if the company produces 8,500units.

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Accounting Tools for business decision making

ISBN: 978-0470095461

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Authors: kimmel, weygandt, kieso

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Question Posted: Mar 01, 2012 11:43 PM

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Colter Company accumulates the following data concerning a mixed cost, using units produced as the activity level.

Question:

Units Produced 10,000 9,000 10,500 8,800 9,500 Total Cost March April May June July $18,000 16,650 18,750 16,200 17,100

Step by Step Answer:

a Variable cost 18750 16200 10500 8800 150 per unit Fix...View the full answer

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