A beverage company producing grape juices is about to apply High-Low method to estimate their energy cost behavior. The following costs were incurred in the past 12 months: Month grape juice produced(pints) Energy cost $70,200 January February 105,000 61,600 $6,150 March 66,000 $6,000 April 72,000 $67,350 May 90,000 $68,700 $70,050 $84,000 $68,400 $69,000 June 96,000 July 120,000 August September 90,000 90,000 October 84,000 $68,100 $74,300 $74,850 November 127,000 December 117,000

A beverage company producing grape juices is about to apply High-Low method to estimate their energy cost behavior. The following costs were incurred in the past 12 months: Month grape juice produced(pints) Energy cost $70,200 January February 105,000 61,600 $6,150 March 66,000 $6,000 April 72,000 $67,350 May 90,000 $68,700 $70,050 $84,000 $68,400 $69,000 June 96,000 July 120,000 August September 90,000 90,000 October 84,000 $68,100 $74,300 $74,850 November 127,000 December 117,000

Name: Total Variable Cost for this problem *O 74,30015,82665,40058,474Diffe
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Description: Total Variable Cost for this problem *O 74,30015,82665,40058,474Difference between the high and low activity level for grape juice produced65,4008,85061,0008,150 A beverage company producing grape juices is about to apply High-Low method to estimate

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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