Question: The information in the table below contains data units produced and total costs for production at Bison Manufacturing Period 2 3 Units Produced 0 490

 The information in the table below contains data units produced and
total costs for production at Bison Manufacturing Period 2 3 Units Produced

The information in the table below contains data units produced and total costs for production at Bison Manufacturing Period 2 3 Units Produced 0 490 890 1,290 1,690 Total Costs $2,590 3,190 3,790 4,390 4,990 Period 6 7 8 9 10 Units Produced 2,090 2,490 2,890 3,290 3,690 Total Costs $5,590 6,190 6,790 7,390 9,232 5 Using the high-low method, estimate total costs if 3,090 units are produced. Complete the below table to calculate the fixed and variable cost of sales High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per un Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point Volume at the low point. Variable cont per unit Total variable costs at the low point Totalfixed costs Estimated total cost YU 890 1,290 1,690 3,190 3,790 4,390 4,990 7 8 9 10 2,490 2,890 3,290 3,690 6,190 6,790 7.390 9,232 Using the high-low method, estimate total costs If 3,090 units are produced. Complete the below table to calculate the foxed and variable cost of sales. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point Volume at the high point: Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point Volume at the low point: Variable cost per unit Total variable costs at the low point Total fixed costs Estimated total cost

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!