Question: Corp has assembled the following cost data: 21) Using the high-low method, calculate the fixed costs (rounded to the nearest dollar). A) 5,203 B) 1,831

Corp has assembled the following cost data: 21) Using the high-low

Corp has assembled the following cost data: 21) Using the high-low method, calculate the fixed costs (rounded to the nearest dollar). A) 5,203 B) 1,831 C) 9,900 D) 4,398 E) 24,700

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Corp has assembled the following cost data: COST. HOURS $24,700 5,200 26.000 5,500 34,000 7,500 45.370 9,900 38,000 9,500 21) Using the high-low method, calculate the fixed costs (rounded to the...

Creating and Using a Cost Formula Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $14,300 on its plant equipment. Also, each drive...

Bumble Inc. has a contribution margin ratio of 45%. This month, profit before tax was $40,000 and fixed cost were $50,000. How much was the company's sales revenue? (Rounding could cause your...

Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Vesuvio's controller wants to calculate the fixed and variable...

Odessa, Inc., manufactures one model of computer desk. The following data are available regarding units shipped and total shipping costs: Month Number of Units Shipped Total Shipping Cost January 30...

Looking for another opinion on this cost accounting review. If there is away to pay more let me know. ACCT3313 FINAL EXAM 1. The most effective basis for cost allocation exists when which one of the...

Can I get some help with a test in Cost Accounting? I have the test attached. ACCT3313 FINAL EXAM 1. The most effective basis for cost allocation exists when which one of the following can be...

Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...

Unitrode, which makes analog/linear integrated circuits for power management, is a firm that has not used debt in the financing of its projects. The managers of the firm contend that they do not...

What is adverse possession and why is it permitted?

Click here to read the ellook: Bond Yields Click here to read the eBook: Changes in Bend Valurs over Time BOND RETURNS Last year Janet purchased a $ 1 , 0 0 0 tace value corporate bond with an 1 2 %...

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

highlight how to collect and record interview and diary based data;

clarify the relationship between research, theory and practice;

evaluate the quality of your data;