Jackson Enterprises makes product J1 and has the following costs at the given levels of sales,...

  

Transcribed Image Text:

Jackson Enterprises makes product J1 and has the following costs at the given levels of sales, knowing that the selling price per unit is $100: July Month August September October November December Sales Revenue (S) 720,000 1,000,000 1,080,000 1,350,000 2,160,000 2,520,000 Total Costs (S) 230,000 300,000 320,000 387,500 590,000 680,000 Based on the above, in applying the high-low method, what is the unit variable cost? $25/unit $62.5/unit $18/unit * None of the above Based on the above, using the high-low method, the estimated fixed cost element is: * $50,000 $450,000 $250,000 None of the above Based on the above, using the high-low method, estimate the total cost of making 26,000 units $700,000 $1,675,000 $518,000 None of the above Jackson Enterprises makes product J1 and has the following costs at the given levels of sales, knowing that the selling price per unit is $100: July Month August September October November December Sales Revenue (S) 720,000 1,000,000 1,080,000 1,350,000 2,160,000 2,520,000 Total Costs (S) 230,000 300,000 320,000 387,500 590,000 680,000 Based on the above, in applying the high-low method, what is the unit variable cost? $25/unit $62.5/unit $18/unit * None of the above Based on the above, using the high-low method, the estimated fixed cost element is: * $50,000 $450,000 $250,000 None of the above Based on the above, using the high-low method, estimate the total cost of making 26,000 units $700,000 $1,675,000 $518,000 None of the above

Answer rating: 100% (QA)

Units sold are calculated as Monthly Sales Revenue Selling Price per Unit Monthly Sales Revenue 100 ... View the full answer