Nutty Co. has the following quarterly cost information for the last three years. Number of Bags...

 

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Nutty Co. has the following quarterly cost information for the last three years. Number of Bags of Snack Mix Quarter Total Fixed costs 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 202104 2022 01 2022 02 2022 Q3 2022 Q4 2,914 2,770 2,881 1,718 1,888 2,413 1,803 2,659 Quarter Total Production Costs 2023 02 $ $ $ Use the high-low method to calculate the fixed and variable components of Nutty Co's production costs. Variable Cost per unit $ $ $ $ $ $ 2,701 2,774 $ 3,517 $ 1,992 $ 95,032 117,532 56,573 72,385 53,505 114,015 48,728 83,203 73,493 112,985 78,777 102,593 Give the Total Cost equation for Nutty Co. based on your answers above. **This needs to be the generalform with the specific values found above Type equation manually-> Estimated Bags of Snack Mix 2,800 type label here (<--type answer and label) (<-type answer here) Use equation above to estimate total production costs given the following: Total Production Costs (<-type answer here) Nutty Co. has the following quarterly cost information for the last three years. Number of Bags of Snack Mix Quarter Total Fixed costs 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 202104 2022 01 2022 02 2022 Q3 2022 Q4 2,914 2,770 2,881 1,718 1,888 2,413 1,803 2,659 Quarter Total Production Costs 2023 02 $ $ $ Use the high-low method to calculate the fixed and variable components of Nutty Co's production costs. Variable Cost per unit $ $ $ $ $ $ 2,701 2,774 $ 3,517 $ 1,992 $ 95,032 117,532 56,573 72,385 53,505 114,015 48,728 83,203 73,493 112,985 78,777 102,593 Give the Total Cost equation for Nutty Co. based on your answers above. **This needs to be the generalform with the specific values found above Type equation manually-> Estimated Bags of Snack Mix 2,800 type label here (<--type answer and label) (<-type answer here) Use equation above to estimate total production costs given the following: Total Production Costs (<-type answer here)

Answer rating: 100% (QA)

Using the highlow method we can calculate the variable and fixed components of Nutty Cos product... View the full answer