Hardwood Inc manufacturers a single product which sells for $57.05 The company's management accountant wants to...

  

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Hardwood Inc manufacturers a single product which sells for $57.05 The company's management accountant wants to compute the fixed and variable costs associated with the leasing of machinery. Data for the past four months are as follows: September October November December Number of units produced 12,000 12,500 10,500 9,000 Total manufacturing cost $435,670 $451,575 $387,400 $339,470 Required (A) Using the high-low method, construct the cost formula for manufacturing costs. Round answers to two decimal places. (B) Using the cost formula from (A), estimate the cost of producing 11,000 units. (C) Use CVP analysis to compute the break-even point in units. Round answers up to the nearest whole number. Hardwood Inc manufacturers a single product which sells for $57.05 The company's management accountant wants to compute the fixed and variable costs associated with the leasing of machinery. Data for the past four months are as follows: September October November December Number of units produced 12,000 12,500 10,500 9,000 Total manufacturing cost $435,670 $451,575 $387,400 $339,470 Required (A) Using the high-low method, construct the cost formula for manufacturing costs. Round answers to two decimal places. (B) Using the cost formula from (A), estimate the cost of producing 11,000 units. (C) Use CVP analysis to compute the break-even point in units. Round answers up to the nearest whole number.

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Requirement A Cost formula y 3203x 51200 Working notes iVariable cost per unit Highest a... View the full answer