Question: Ex 4-7 High-low method Inc. has decided to use the high-low method to estimate the total cost and the fi duction are as follows: xed

Ex 4-7 High-low method Inc. has decided to use the high-low method to estimate the total cost and the fi duction are as follows: xed and variable cost components of the total cost. The data for various levels of pro- Units Produced 10,000 15,000 22,500 Total Costs $700,000 840,000 920,000 a. Determine the variable cost per unit and the fixed cost. b. Based on part (a), estimate the total cost for 14,000 units of production

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!

James A. and Ella R. Polk, ages 70 and 65, respectively, are retired physicians who live at 3319 Taylorcrest Street, Houston, Texas 77079. Their three adult children (Benjamin Polk, Michael Polk, and...

Total costs: Total variable costs . Total fixed costs 75,000 90,000 $165,000 . . . . . . Cost per unit: Variable cost per unit Complete the cost schedule, identifying each cost by the appropriate...

EX 19-7 High-Low methodDiamond Inc. has decided to use the High-low method to esTmate the total cost and the fxed and variable cost components oF the total cost. he data For variable levels oF...

High - low methodEvander Inc. has decided to use the high - low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of...

Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memoryr chips for electronic toys within a relevant range of 100,800 to 165,600 memoryr chips per year. Within this range, the...

Need assistance! Can you help please? Identify Fixed and Variable Costs Intuit Inc. (INTU) develops and sells software products for the personal nance market, including popular titles such as...

Show Me How Shatner Inc, has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are...

Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows:...

Ziegler Inc, has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows:...

1) Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as...

James and Susan Wagner have assets with fair market values of $5,700,000 and $1,800,000, respectively. James has been diagnosed with a terminal illness and is expected to pass away within the current...

Draw truthtable and full circuit diagram of 16 bit Subtractor

9. In order to protect workers, the reactor in a nuclear power station is surrounded by a thick layer of (a) wood (b) concrete (c) cardboard (d) brick

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

A relatively weak informal organizational system. Unlike in Anglo-Saxon countries, the formal system of prescribed structures, systems and rules is normal in German organizations.

A formal interactive style. Formal modes of address, behaviour and dress are used.

Influence of the banks: Heavy involvement of the major banks in companies facilitates continuity of ownership and provides support for long-term strategic planning. The emphasis on yearly profits and...