Cost Accounting Assignment**1) Mixed Cost – High-Low Method Analysis**Byrnes Company accumulated the following data concerning a mixed cost, using units produced as the activity level.| Month | Units Produced | Total Cost ||-------|----------------|-------------|| March | 9,800 | $14,740 || April | 8,500 | $13,250 || May | 7,000 | $11,100 || June | 7,600 | $12,000 || July | 8,100 | $12,460 |a. Compute the variable-cost and fixed-cost elements using the high-low method.b. Using the information from your answer to part (a), write the cost formula.c. Estimate the total cost if the company produces 8,000 units.

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1) Mixed cost – high-low method analysis Byrnes Company accumulated the following data concerning a mixed cost, using units produced as the activity level. Units produced 9,800 8,500 7,000 7,600 8,100 Month March April May June Total cost $14,740 $13,250 $11,100 $12,000 $12,460 July a. Compute the variable-cost and fixed cost elements using the high-low method. b. Using the information from your answer to part (a), write the cost formula. c. Estimate the total cost if the company produces 8,000 units.

1) Mixed cost – high-low method analysis Byrnes Company accumulated the following data concerning a mixed cost, using units produced as the activity level. Units produced 9,800 8,500 7,000 7,600 8,100 Month March April May June Total cost $14,740 $13,250 $11,100 $12,000 $12,460 July a. Compute the variable-cost and fixed cost elements using the high-low method. b. Using the information from your answer to part (a), write the cost formula. c. Estimate the total cost if the company produces 8,000 units.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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