Question: Hello I need help with this assignment Problem 6-37 #1 thru #5 from textbook - Managerial Accounting creating value in dynamic business environment 11th Ed.

Hello I need help with this assignment Problem 6-37 #1 thru #5 from textbook - Managerial Accounting creating value in dynamic business environment 11th Ed.

Hello I need help with this assignment Problem 6-37 #1 thru #5

Please let me know as soon as possible if there are no available experts to assist me rather than waiting for more than 3 days for a response.

I would appreciate it. Thank you.

Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial reporting and r for both financial reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,500 tons of ore were extracted: Problem 6-37 Cost Behavior and Analysis; High-Low Method (LO 6-2, 6-4, 6-5) 2. Total cost for 1,650 tons: $823,500 $ 25,000 11,000 345,000 Royalties Trucking and hauling ................ $135,000 275,000 Straight-line depreciation Charitable contributions .......... Mining labor/fringe benefits ................. *Incurred only in December Peak activity of 2,600 tons occurred in June, resulting in mining labor/fringe benefit costs of $598,000, royalties of $201,000, and trucking and hauling outlays of $325,000. The trucking and hauling outlays exhibit the following behavior: Less than 1,500 tons... From 1,5001,899 tons.. From 1,900-2,299 tons ....... From 2,300-2,699 tons. $250,000 275,000 300,000 325,000 Antioch uses the high-low method to analyze costs Required: 1. Classify the five costs listed in terms of their behavior: variable, step-variable, committed fixed, discretionary fixed, step-fixed, or semivariable. Show calculations to support your answers for mining labor/fringe benefits and royalties. 2. Calculate the total cost for next February when 1,650 tons are expected to be extracted. 3. Comment on the cost-effectiveness of hauling 1,500 tons with respect to Antioch's trucking/haul- ing cost behavior. Can the company's effectiveness be improved? How? 4. Distinguish between committed and discretionary fixed costs. If Antioch were to experience severe economic difficulties, which of the two types of fixed costs should management try to cut? Why? 5. Speculate as to why the company's charitable contribution cost arises only in December

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