The information in.the table below contains data units produced and total costs for production at Bison...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The information in.the table below contains data units produced and total costs for production at Bison Manufacturing. Units Units Period Produced Total Costs $2,590 3,190 Period Produced Total Costs 6 2,090 2,490 $5,590 6,190 2 490 7 890 3,790 4,390 4,990 2,890 3,290 3,690 6,790 7,390 1,290 9 1,690 10 9,232 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 unit Total variable costs at the high point Total foxed 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 foxed oosts Estimated total cost The information in.the table below contains data units produced and total costs for production at Bison Manufacturing. Units Units Period Produced Total Costs $2,590 3,190 Period Produced Total Costs 6 2,090 2,490 $5,590 6,190 2 490 7 890 3,790 4,390 4,990 2,890 3,290 3,690 6,790 7,390 1,290 9 1,690 10 9,232 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 unit Total variable costs at the high point Total foxed 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 foxed oosts Estimated total cost
Expert Answer:
Answer rating: 100% (QA)
High Low method Calculation of variable cost per Unit Cost at ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
Students also viewed these accounting questions
-
In each part, use the information in the table to determine whether the linear system Ax = b is consistent. If so, state the number of parameters in its general solution. 3x3 3x3 3x3 5x9 5x9 4x4 6x2...
-
Using the high low method 1 Estimate the variable cost per wedding 2 Compute the total fixed cost per month 3 Write out the equation for the cost structure of Something New explain each variable 4...
-
The company provides the information in the table below: (a) All purchases of inventory were on account. (b) Sales for the year were $995,000. (c) Cost of goods sold for the year was $451,000....
-
How can we define tectonic stress?
-
Jerford Company is a well-known manufacturing company with several wholly owned subsidiaries. The company's stock is traded on the New York Stock Exchange, and the company files all appropriate...
-
What is the distinctive competence of the following companies? If you don't know the distinctive competence, see if you can determine it from the company's Internet site or articles on the company....
-
Discuss the impact of a charismatic founder on the board culture and processes.
-
At stage 2 of the decision tree it shows that if a project is successful, the payoff will be $53,000 with a 2/3 chance of occurrence. There is also the 1/3 chance of a $-24,000 payoff. The cost of...
-
What does the term Internet of Things mean to you? Post your ideas on your tutor group forum.
-
Farm Fresh Ltd is a manufacturer of farm equipment that is sold by a network of distributors across Australia and New Zealand. The Service Division manufactures spare parts for the various models of...
-
What could be the key requirements that should be met with regard to procurement in South Africa?
-
Solve the equation 3x + 21x+18= 0 by factoring. The solutions are x1 = and x2 = with x1 x2.
-
In 2007, Harvard University rescinded admission to 10 students after reviewing their social media posts.? Do you feel potential employers, current employers, and colleges have the right to access...
-
Consider a VAR of $100 000 for a 95% confidence level. A problem with this information is that while we know that we will lose more than the VAR amount on 5 days out of every 100, we do not know the...
-
Using job order costing, develop an RVU and product cost for the CT procedures shown in the table below. Consider that the CT Department are $10,000,000 ($6,000,000 in direct costs and $4,000,000 in...
-
Timers can generate certain interrupts, so-called overflow and compare match interrupt. Since timer is a peripheral, it can be activated in AVR register. Supposed we need to flash a LED every 100 ms...
-
Canvas -> X Redwood scenario. A forest management company wished to develop a model to assist in estimating the heights of the trees in a tract of Califomia redwood trees. For a random sample of 21...
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
Why are holding gains and losses treated differently for trading securities and securities available-for-sale?
-
The Eldorado Corporation's controller prepares adjusting entries only at the end of the fiscal year. The following adjusting entries were prepared on December 31, 2011: Additional information: 1. The...
-
On February 1, 2011, the Xilon Corporation issued 5,000 shares of its nopar common stock in exchange for five acres of land located in the city of Monrovia. On the date of the acquisition, Xilon's...
-
On December 31, 2017, Brown Company issued \(\$ 750,000\) of 20 -year, eight percent bonds payable for \(\$ 621,307\), yielding an effective interest rate of ten percent. Interest is payable...
-
On December 31, 2017, Shade Company issued \(\$ 250,000\) of 20 -year, eight percent bonds payable for \(\$ 276,694\), yielding an effective interest rate of seven percent. Interest is payable...
-
Matt Enterprises issued \(\$ 200,000\) of ten percent, five-year bonds with interest payable semiannually. Determine the issue price if the bonds are priced to yield (a) ten percent, (b) six percent,...
Study smarter with the SolutionInn App