Question: formula of variable cost per unit using high low method B 1 Question 1 (24 Marks): 2 Below are the processing costs of Duraseal Products

formula of variable cost per unit using high low method B

formula of variable cost per unit using high low method

B 1 Question 1 (24 Marks): 2 Below are the processing costs of Duraseal Products observed over the last 10 months: Use the high low m 3 and fixed cost per month. Express your results in the form of a linear equation y = a + bx 4 5 6 7 Month Units Produced 8 1 9,900 9 2 3 10 11 12 Processing Cost 74,000 71,000 63,000 64,000 65,000 60,000 4 9,800 7,800 8,800 9,000 6,000 9,3001 5 13 6 14 68,000 15 16 17 We assume the linear relation is Y=a+bX 18 High-Low method 19 Units Produced Processing Cost 20 High point Low point 21 22 Question 1 Question2 SheetAB Enter AD

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 Finance Questions!

Required: (1) Compute the total fixed cost and variable cost per unit using (a) high-low method, and (b) least square method. Express your answers as Y = a + bx where a is total fixed cost and b is...

More questions=More rates 8. Sumner, Inc.'s total contribution margin (CM) in the month of June was $208,000. All of Sumner's costs are mixed costs. The month of May's sales and production activity...

b) After completing Exercise 2, what is the correct total for Fixed Costs? See circle. EXERCISE 2: HIGH/LOW METHOD Ace Industries observed the following utility costs over the period from April to...

I need help with thie Cost Accounting class Assignment. It is due tonight by 11:59(13 hours from now). The file is attached. ACC 331 Spreadsheet Exam Chapters 5 and 6 In order to do these problems it...

Question 1 Observation of the four previous months has identified the following total cost data for production costs within Danny Dog plc. Activity level Total cost 20,000 30,000 40,000 55,000 50,000...

These questions are for "sverma1" 1. Management accounting primarily is concerned with providing: a. information to managers inside the organization as well as information to stockholders, creditors,...

ALL 10 questions are compulsory and MUST be attempted. Each SECTION A-MULTIPLE CHOICE QUESTIONS 2 make (Total 20 mark 1. Fixed costs are USD 66,000, variable cost per unit is USD 1.20, and budgeted...

hi expert help me answer number 1-10 and ll thank you 1. Which of the following costs is a variable st? a. Supervisors' Salary b. Depreciation c. Rent Cd. Raw materials used in production As the...

Please answer the required questions and post a picture of the scatter graph (LO 5-4) 5.58. High-Low Method, Scattergraph Academy Products manufactures a variety of custom components for use in...

Greenverve Itd is a major manufacturer of electronic components. The company has spent 2 million on research activities over the last two years and has subsequently developed a new component that can...

A simple beam AB supports a uniform load of intensity q acting over the middle region of the span (see figure). Determine the angle of rotation Î¸A at the left-hand support and the...

Given this equilibrium, predict the direction of shift for each stress. H2(g) + I2 (s) + 53 kJ + 2HI(g) a. Decreased temperature b. Increased pressure c. Removal of HI

El presupuesto flexible consiste en: a Elaborar un presupuesto a priori para una empresa b Modificar con facilidad el presupuesto de una empresa c Evaluar la situacin de la empresa en cualquier etapa...

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...