The following data have been extracted from the records of Puzzle Inc.: February August Production level,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following data have been extracted from the records of Puzzle Inc.: February August Production level, in units 9,600 20,160 Variable costs $27,840 $ 31,100 Fixed costs Mixed costs 27,812 Total costs $86,752 $140,819 Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 15,634 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the missing costs. (Do not round intermediate calculations.) ed February August Production level, in units 9,600 20,160 Variable costs $ 27,840 Fixed costs 31,100 ces Mixed costs 27,812 Total costs $ 86,752 $ 140,819 < Required A Required B > Check d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the cost formula for mixed cost using the high-low method. (Do not round intermediate calculations. Round "Variable rate" to 2 decimal places.) Cost formula per unit es < Required A Required C > < Prev 5 of 14 Next > Che c. Calculate the total cost that would be incurred for the production of 15,634 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the total cost that would be incurred for the production of 20,060 units. (Do not round intermediate calculations.) Total cost es < Required B Required D > Check my d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Cost behavior pattern is Relevant range < Required C Required D > ces The following data have been extracted from the records of Puzzle Inc.: February August Production level, in units 9,600 20,160 Variable costs $27,840 $ 31,100 Fixed costs Mixed costs 27,812 Total costs $86,752 $140,819 Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 15,634 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the missing costs. (Do not round intermediate calculations.) ed February August Production level, in units 9,600 20,160 Variable costs $ 27,840 Fixed costs 31,100 ces Mixed costs 27,812 Total costs $ 86,752 $ 140,819 < Required A Required B > Check d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the cost formula for mixed cost using the high-low method. (Do not round intermediate calculations. Round "Variable rate" to 2 decimal places.) Cost formula per unit es < Required A Required C > < Prev 5 of 14 Next > Che c. Calculate the total cost that would be incurred for the production of 15,634 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the total cost that would be incurred for the production of 20,060 units. (Do not round intermediate calculations.) Total cost es < Required B Required D > Check my d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Cost behavior pattern is Relevant range < Required C Required D > ces
Expert Answer:
Answer rating: 100% (QA)
29 per unit Paut calulatin af missing cast Feb seoduction level in unoto 9600 ... View the full answer
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
Posted Date:
Students also viewed these accounting questions
-
The following data have been extracted from the records of Riddle Co.: Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the highlow method. c. Calculate...
-
The following data have been extracted from the records of Puzzle Inc.: Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high?low method. c. Calculate...
-
The following data have been extracted from the financial statements of Prentiss, Inc., a calendar-year merchandising corporation: Total sales for 2015 were $1,200,000 and for 2014 were $1,100,000....
-
What is the value of a 13% coupon bond that is otherwise identical to the bond described in Part D? Would we now have a discount or a premium bond?
-
Parsons Company wishes to liquidate the firm by distributing the companys cash to the three partners. Prior to the distribution of cash, the companys balances are: Cash $73,000; Oakley, Capital (Cr.)...
-
The attitude dynamics of a rocket are represented by and state variable feedback is used where x1 = y(t), x2 = (t), and u = -x2 - 0.5x1. Determine the roots of the characteristic equation of this...
-
Purple Company has a current ratio of 2.2 on December 31. On that date its current assets are as follows: Purple Company's current liabilities at the beginning of the year were \(\$ 195,000\) and...
-
Oriole Corporation wholly owns Canary Corporation, which was formed six years ago with the transfer of several assets and a substantial amount of cash. Orioles basis in the Canary stock is $11.5...
-
LG2 P12-8 EBIT sensitivity Stewart Industries sells its finished product for $9 per unit. Its fixed operating costs are $20,000, and the variable operating cost per unit is $5. a. Calculate the...
-
Barnett Industries, Inc., issued $600,000 of 8% bonds on January 1, 2019. The bonds pay interest semiannually on July 1 and January 1. The maturity date on these bonds is December 31, 2028. The firm...
-
1. In the flow network shown below, the number beside an edge denotes its corresponding capacity. Apply the Edmonds-Karp algorithm to find a maximum flow from s to t in the network. Show every...
-
Beverage control is as important as food control because of the nature of the product. The possibilities for excessive costs to develop because of some forms of theft are probably greater with...
-
Do you think such behavior is common at other companies or do you think this was a fairly isolated event? Why? 2. How important is the "tone at the top" (the tone set by company leadership? Why? 3....
-
A common industrial control valve provides a current signal in the range of 0-20mA depending on how much the valve is open. O mA represents that the valve is closed and 20 mA represents a valve in...
-
1.Milaro's Pizza was located in Burke, VA. On January 1, 2019, a grease fire from the kitchen completely destroyed the restaurant, which as of that date was valued at $275,000. Luckily, the...
-
Calvin Johnson rents an apartment in Detroit from his landlord Miguel Cabrera. Detroit, which has recently experienced significant population declines and has a large number of vacant or unoccupied...
-
Write short not on: Error in sampling Types of sampling 2._explain analysis of data? 3_ what is buisness research? 4_ define factor analysis? Long explanation need
-
You are maintaining a subsidiary ledger account for Police-Training Expenditures for 2013. The following columns are used: Inventory purchases are initially recorded as expenditures. Record the...
-
Ringemup, Inc., had net income of $473,400 for its fiscal year ended October 31, 2010. During the year the company had outstanding 38,000 shares of $4.50, $50 par value preferred stock, and 105,000...
-
Write the journal entry(ies) for each of the transactions of Exercise 4.1. Data from exercise 4.1 a. The firm was organized and the owners invested cash of $600. b. The company borrowed $900 from a...
-
The information presented here represents selected data from the December 31, 2010, balance sheets and income statements for the year then ended for three firms: Required: Calculate the missing...
-
John Frier has the following transactions during a six month period to 30 June. (a) Invests 10,000 in the business on 1 January. (b) Buys a motor van for 4,000 on 8 February by cheque. (c) Purchases...
-
Katherine Jones sets up a small agency that markets and distributes goods. She has the following regular credit customers (Edwards, Smith and Patel) and regular suppliers of credit goods (Johnston...
-
R. Poon was having a whale of a time trying to get a trial balance for his company Redwar. He had the following transactions during the month of May. He asks you to prepare the book entries and a...
Study smarter with the SolutionInn App