Question: Palm, which uses the high-low method, had an average cost per unit of $40 at its lowest level of activity when sales equaled 1,600 units

Palm, which uses the high-low method, had an average cost per unit of $40 at its lowest level of activity when sales equaled 1,600 units and an average cost per unit of $31.00 at its highest level of activity when sales equaled 3,200 units. Palm would estimate fixed costs as:

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!

1) 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...

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...

Palm, which uses the high-low method, had an average cost per unit of $54 at its lowest level of activity when sales equaled 1,000 units and an average cost per unit of $32.40 at its highest level of...

con on the Mac Palm, which uses the high-low method, had an average cost per unit of $49 at its lowest level of activity when sales equaled 1400 units and an average cost per unit of $30,50 at its...

Palm, which uses the high - low method, had an average cost per unit of $ 4 6 at its lowest level of activity when sales equaled 1 , 1 0 0 units and an average cost per unit of $ 3 2 . 1 0 at its...

Palm Company, which uses the high-low method, had an average cost per unit of $45.00 at its lowest level of activity, when sales equaled 1,000 units. Palm had an average cost per unit of $28.00 at...

12 Cypress, which uses the high-low method, had an average cost per unit of $3.80 at its lowest level of activity when sales equaled 18,000 units and an average cost per unit of $2.95 at its highest...

Winston, which uses the high-low method, had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level...

Cypress, which uses the high-low method, had an average cost per unit of $5 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $3.25 at its highest level...

A uniform, hollow, cylindrical spool has inside radius R/2, outside radius R, and mass M (Fig. P10.69). It is mounted so that it rotates on a fixed horizontal axle. A counterweight of mass m is...

Consider the following request arrived for the tracks. The initial request is process at track 7 and takes 1 millisecond to move from one track to other. There are total 30 tracks. The request is...

X + File C:/Users/prana/Downloads/WINSEM2024-2... Q NIVERSITY V... 60/324 - 39% + A block of weight W is suspended from a 25-cm-long cord and two springs of which the unstretched lengths are 22 m....

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

A You know that both Ellen and Steve rely on you as a friend (and in Ellens case, as family). How can you maintain your relationships with both of them even as their relationship with each other is...

1. The engagement in and resolution of interpersonal conflict are often key factors in romantic comedies (like Life As We Know It and When Harry Met Sally), as well as in buddy-driven action films...

2. For an interesting look at conflict and debate, you need not search further than the U.S. Congress. Debates on the floor of the Senate and House of Representatives are broadcast on C-SPAN and...