Question: here is a few questions Question 1 (1 point) If sales revenue doubles, fixed costs will increase in total. increase on a per unit basis.

here is a few questions

here is a few questions Question 1 (1 point) If sales revenue

Question 1 (1 point) If sales revenue doubles, fixed costs will increase in total. increase on a per unit basis. decrease in total. Odecrease on a per unit basis. Question 2 (1 point) A mixed cost contains both fixed and variable components. O always increases on a per unit basis. O is fixed over a wider range of activity than a step cost. O is a fixed cost over the relevant range and a variable cost everywhere else. Question 3 (1 point) Palm, which uses the high-low method, had an average cost per unit of $50 at its lowest level of activity when sales equaled 1,000 units and an average cost per unit of $32.50 at its highest level of activity when sales equaled 2,000 units. Palm would estimate fixed costs as $35,000. $30.00. $82.50. $17,500. Question 4 (1 point) Supply costs at Lattea Corporation's chain of gyms are listed below: Client-Visits Supply Cost March . 11.647 $28,561 April 11.443 $28.395 May.. 11,975 $28,819 June. 12.088 $28.892 July .. 11.707 $28,622 August . 11.193 $28.221 September 11,987 $28,820 October .. 11,678 $28,578 November ...... 11.826 $28,703 Management believes that supply cost is a mixed cost that depends on client-visits. Using the high-low method to estimate the variable and fixed components of this cost, those estimates would be closest to: $2.44 per client-visit; $28,623 per month $1.33 per client-visit; $12,768 per month $0.79 per client-visit; $19,321 per month $0.75 per client-visit; $19,826 per month

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!