The following data have been extracted from the records of Puzzle Incorporated: Production level, in units...

 

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The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 8,700 $ 19,140 18,823 $ 72,463 August 20,010 $? 34,500 ? $ 111,935 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 14,355 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 8,700 $ 19,140 18,823 $ 72,463 August 20,010 $? 34,500 ? $ 111,935 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 14,355 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c.

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a Calculate the missing costs Total costs 72463 Fixed costs 34500 Variable costs 19140 Mixed costs 1... View the full answer