A company had the following costs at four different levels of activity: Number of units 1250 2000 2590 3061 Cost GHS 4875 6500 7698 8581 The best estimate of variable cost per unit is:
Q: Felix & Company reports the following information. Period Total Costs 1 $ 2,505 2 3 4 5 6 7 8 9 10…
A: Costs means the amount of money incurred by the entity on the making of the goods. It includes both…
Q: High-Low Method Tashiro Inc. has decided to use the high-low method to estimate the total cost and…
A: High Low Method :— Under this method, variable cost per unit is calculated by dividing difference of…
Q: ring overhead sts (per unit): bor terials ring overhead units produced per quarter 4,500,000 19 22…
A: Prime Cost Direct material plus direct labourContribution margin is selling price less variable…
Q: Bacon Mfg. has provided the following information. Units produced Units sold Selling price per unit…
A: Absorption costing and variable costing are two different methods used for allocating manufacturing…
Q: Required: Compute the amounts for each of the following assuming that the production levels are…
A: Prime Cost = Direct material + direct labourContribution margin = selling price - variable…
Q: The following data are available for product number CK74, manufactured and sold by Ruby Corporation:…
A: Lets understand the basics. Contribution is a amount remain of sales after deducting variable cost…
Q: Check my work Assume that a company makes three products-Product A, Product B, and Product C-and…
A: Your analysis is on the right track! You've correctly identified the key steps to solve this…
Q: Lillibridge & Friends, Incorporated provides you with the following data for its single product:…
A: Prime Cost = Direct material + direct labourContribution margin = selling price - variable…
Q: The following variable production costs apply to goods made by Baird Manufacturing Corporation: Item…
A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…
Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…
Q: Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: The objective of the question is to determine the variable cost per unit and the total fixed cost…
Q: What is the correct choice? Datamatix Company has gathered the following data: Unit Sales…
A: Break-even point: The break-even point refers to a point where the total cost is equal to the total…
Q: A company's costs are shown below. What is total average cost per unit? Total variable costs Total…
A: Variable Cost :— It is the cost that changes with change in activity of cost driver. Variable cost…
Q: #2 has enough demand to sell 700 units of each product per month. Each pre an. The direct materials…
A: X5 Y8 Z9 Direct material $ 24.00 $ 16.50 $ 12.00 Cost per pound $ 3.00…
Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: High low method: Under this method refers to that cost technique under which only variable costs are…
Q: Based on the following cost data, what conclusions can you make about Product A and Product B? Total…
A: Determine the type of cost for Product A.
Q: Using the following information, what would variable cost per unit be at 8,000 units? 2,000 3,000…
A: Total variable cost is the cost which varies with the change in the production volume. If the…
Q: 1. Providence Corporation produces a single product and has the following cost Number of units…
A: Unit product cost refers to the expenses that are being incurred over the production of the goods…
Q: Complete the table below for contribution margin per unit, total contribution margin, and…
A: Contribution margin per unit is the difference between selling price per unit and variable cost per…
Q: High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and…
A: a) Under high-low method , Variable cost per unit is calculated in the following way: Fixed cost is…
Q: Cena Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…
Q: Dobosh Corporation has provided the following information: Direct materials Direct labor Variable…
A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and…
A: A variable cost is one that changes depending on how much is produced or sold by the business.…
Q: High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and…
A: Fixed costs and Variable costs are the two aspects of Total Costs. Fixed costs are costs that have…
Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…
Q: JSON-6854 Inc. produces Products X5, Y8, and Z9. The following table provides per unit information…
A: Lets understand the basics.Key factors refer to the influential elements (e.g., direct material,…
Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…
Q: Bell Corporation reports that at an activity level of 8,700 units, its total variable cost is…
A: CVP analysis is considered as a decision-making tool that helps management to make strategies and…
Q: High-Low Method Tashiro Inc. has decided to use the high-low method to estimate the total cost and…
A: The question is related to segregation of seminvariabke cost into variable cost and fixed cost by…
Q: Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost…
A: I have explain all concept used in this problem if you have any doubt then comment me, thank…
Q: Felix & Company reports the following information. Period Units Produced 1 0 2 720 3 1,120 1,520…
A: The mixed costs of production comprise variable and fixed costs. The variable costs change with a…
Q: Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: Under the high-low method, difference of highest and lowest activity cost is considered to determine…
Q: If variable manufacturing costs are $18 per unit and total fixed manufacturing costs are $318,500,…
A: Variable Costing Method :— Under this method, manufacturing cost includes direct material, direct…
Q: If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $245,100,…
A: Fixed manufacturing costs per unit = total fixed manufacturing costs / No. of units manufactured
Q: calculate the total product cost per unit under variable costing.
A: Total product cost per unit is the cost of the unit which has been incurred by the company in order…
Q: JSON-2603 Inc. produces Products X5, Y8, and Z9. The following table provides per unit information…
A: Introduction: Direct materials are the resources utilized to manufacture a product in accounting.…
Q: Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and…
A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…
Q: The "x" in the overhead cost equation, y = $5.50x + $92,000, represents which of the following?…
A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…
Q: Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost…
A: Introduction: In cost accounting and economics, the relationship between total cost (TC), fixed cost…
Q: Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $26,450 at its…
A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…
Q: Max Machining incurs the following utilities costs at different levels of production: 0 units: 500…
A: To properly classify utility costs based on the provided information, we can analyze how the costs…
Q: A company had unit contribution margin of $3.60 and fixed costs of $29,664. Income was $2,520. What…
A:
Q: 1. Providence Corporation produces a single product and has the following cost structure Number of…
A: Variable Costing: It is a concept in managerial and cost accounting.It is being used in which the…
![A company had the following costs at four different levels of activity: Number of units 1250 2000 2590 3061 Cost GHS 4875
6500 7698 8581 The best estimate of variable cost per unit is:
O A. GHS 2.17
O B. GHS 2.03
OC. GHS 2.05
D. GHS 2.10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc57af9a3-20c1-467a-b750-ed6a51ce0b30%2F2e033d92-82ad-4b24-82a4-677922cef105%2Fx6ieydj_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- High-Low Method Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 4,185 $294,840 1,485 189,540 2,840 203,440 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 2,040 units of production. Total cost for 2,040 units: $fill in the blank 3JSON-5313 Inc. produces Products X5, Y8, and Z9. The following table provides per unit information relating to the three products: Product Y8 X5 Z9 Selling price $ 72.00 $ 54.00 $ 62.00 Variable expenses: Direct materials 21.60 18.00 9.00 21.60 22.50 34.40 43.20 43.40 Other variable expenses Total variable expenses Contribution margin Contribution margin ratio 40.50 $13.50 $28.80 $18.60 40% 25% 30% JSON-5313 has enough demand to sell 700 units of each product per month. Each product requires the same direct materials in its production. The direct materials cost $3 per pound. The company will at most have 4,800 pounds of the direct materials available every month. What is the maximum contribution margin that JSON-5313 can earn per month using its 4,800 pounds of direct materials optimally? O $ 10,800 O $ 13,020 O $ 23,820 O $ 26,320Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 7,095 $252,840 2,795 162,540 4,350 186,920 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 3,560 units of production. Total cost for 3,560 units: $fill in the blank 3
- 8. Given the following data, calculate product cost per unit under variable costing. Direct labor S7 per unit Direct materials Si per unit Overhead Total variable overhead S20,000 Total fixed overhead S90,000 Expected units to be produced 40,000 units A. S8 per unit B. S8.50 per unit C. S10.25 per unit D. $10.75 per unit E. $12 per unitHigh-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 4,760 $305,760 1,960 196,560 3,290 236,090 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank Total fixed cost: $fill in the blank b. Based on part (a), estimate the total cost for 2,420 units of production. Total cost for 2,420 units: $fill in the blankTashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 5,100 $437,920 1,700 281,520 3,400 417,280 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 2,450 units of production. Total cost for 2,450 units: $fill in the blank 3
- Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 60,000 $19,200,000 69,000 20,010,000 90,000 24,090,000 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2 b. Based on part (a), estimate the total cost for 86,000 units of production. Total cost for 86,000 units $fill in the blank 3The following data have been collected for four different cost items. Cost at Cost 100 Cost at Item units 140 units W $8,000 $10,560 X $5,000 $ 5,000 $6,500 $ 9,100 Z $6,700 $ 8,580 NAX Y Which of the following classifications of these cost items by cost behavior is correct? A) B) C) D) Cost W variable mixed variable mixed Cost X fixed fixed fixed fixed Cost Y mixed variable variable mixed Cost Z variable mixed variable mixedHigh-Low Method Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 6,300 $482,160 2,100 309,960 4,120 459,430 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) per unit Total fixed cost b. Based on part (a), estimate the total cost for 3,020 units of production. Total cost for 3,020 units:
- Lillibridge & Friends, Incorporated provides you with the following data for its single product: Sales price per unit Fixed costs (per quarter): Selling, general, and administrative (SG&A) Manufacturing overhead Variable costs (per unit): Direct labor Direct materials Manufacturing overhead SG&A Number of units produced per quarter a. Prime cost per unit b. Contribution margin per unit c. Gross margin per unit d. Conversion cost per unit e. Variable cost per unit f. Full absorption cost per unit Required: Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of units is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter. Note: Round your answers to 2 decimal places. g. Variable production cost per unit h. Full cost per unit 500,000 units $ $ S $ 50 1,500,000 4,500,000 600,000 units $ 19.00 17.00 $ 13.00 $ 8 11 9 5 500,000 units 19.00 17.00 14.50Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced 0 1 2 9 10 408 800 1,200 1,600 2,000 2,400 2,800 3,200 3,600 Total Costs $ 2,545 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 3,265 3,985 4,705 5,425 6,145 6,865 7,585 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,000 units are produced. High-Low method- Calculation of variable cost per unit 8,305 9,025 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 (2) Estimated cost if 3,000 units are produced: Estimated total cost High-Low method-Calculation of fixed costs 0Lillibridge & Friends, Incorporated provides you with the following data for its single product: Sales price per unit Fixed costs (per quarter): Selling, general, and administrative (SG&A) Manufacturing overhead Variable costs (per unit): Direct labor Direct materials Manufacturing overhead SG&A Number of units produced per quarter a. Prime cost per unit b. Contribution margin per unit c. Gross margin per unit d. Conversion cost per unit e. Variable cost per unit f. Full absorption cost per unit g. Variable production cost per unit h. Full cost per unit 500,000 units $50 1,500,000 4,500,000 Required: Compute the amounts for each of the following assuming that the production levels are within the relevant range if the number of units is 500,000 per quarter. Also calculate if the number of units increases to 600,000 per quarter. Note: Round your answers to 2 decimal places. 8 600,000 units 11 9 5 500,000 units
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)