3 A company's monthly data for the past six months follow.Total Costs$ 338,000223,000468,000218,000435,000157,000Month Units Produced123456676,000356,000596,000436,000752,000196,000(1) Estimate variable costs per unit and the total monthly fixed costs using the high-low method.(2) Use the answers from part 1 to estimate total costs when sales volume is 203,000 units.Total cost at the highest volumeVariable costs at highest volumeHighest volumeVariable cost per unitTotal variable costs at highest volumeTotal fixed costsTotal cost at the lowest volumeVariahle roete at lowest volumaHigh-Low method - Calculation of variable cost per unitHigh-Low method - Calculation of fixed costs+

Variable cost refers to those expenses that vary with the change in the level of output of a…

A company's monthly data for the past six months follow. Month Units Produced 1 2 3 4 5 6 676,000 356,000 596,000 436,000 752,000 196,000 Total Costs $ 338,000 223,000 468,000 218,000 435,000 157,000 (1) Estimate variable costs per unit and the total monthly fixed costs using the high-low method. (2) Use the answers from part 1 to estimate total costs when sales volume is 203,000 units.

A company's monthly data for the past six months follow. Month Units Produced 1 2 3 4 5 6 676,000 356,000 596,000 436,000 752,000 196,000 Total Costs $ 338,000 223,000 468,000 218,000 435,000 157,000 (1) Estimate variable costs per unit and the total monthly fixed costs using the high-low method. (2) Use the answers from part 1 to estimate total costs when sales volume is 203,000 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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