What is the total fixed cost of the accounting question? ABC Furniture Inc. manufactures wooden chairs. During the mostproductive month of the year, 4,200 chairs were manufactured at atotal cost of $98,500. In its slowest month, the company made 1,500chairs at a total cost of $52,500.Using the high-low method of cost estimation, what is the total fixedcost in August for ABC Furniture Inc.?

Compute variable cost per unit first using the high low method.Variable cost per unit = (Cost of the…

Answered: ABC Furniture Inc. manufactures wooden…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...

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Zebra Co. manufactures office furniture. During the most productive month of the year, 4,500 desks were manufactured at a total cost of $86,625. In its slowest month, the company made 1,800 desks at a cost of $49,500. Using the high-low method of cost. estimation, determine the total fixed costs.
Determine the Total
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Manley Co. manufactures office furniture. During the most productive month of the year, 4,500 desks were manufactured at a total cost of $86,625. In its slowest month, the company made 1,800 desks at a cost of $49,500. Using the high-low method of cost estimation, total fixed costs a. are $61,875 b. are $33,875 c. are $24,750 d. cannot be determined from the data given
Pena Co. manufactures concert merchandise. During the most productive month of the year, 6,000 hoodies were manufactured at a total cost of $161,600. In its slowest month, the company made 2,800 hoodies at a cost of $104,000. Using the high-low method of cost estimation, total fixed costs are: $53,600 $28,600 $58,000 Cannot be determined from the data given
Irving Manufacturing produces custom cabinets. During its most productive month of the year, 4,120 cabinets were manufactured at a total cost of $95,600. In its slowest month, the company produced 1,580 cabinets at a cost of $42,300. Using the high-low method, determine the total fixed costs.
Ravena Company manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of P84,400. In its slowest month, the company made 1,100 desks at a cost of P46,000. 11. Using the high-low method of cost estimation, the total fixed cost are a. P56,000 b. P28,400 c. P17,600 d. P38,400 12. The variable cost per unit is a. P 16.00 b. P 15.00 c. P 14.00 d. P 17.00
Strait Co. manufactures office furniture. During the most productive month of the year, 3,700 desks were manufactured at a total cost of $84,900. In the month of lowest production, the company made 1,190 desks at a cost of $61,900. Using the high-low method of cost estimation, total fixed costs are Round your intermediate calculations to two decimal places. a. $61,900 b. $23,000 c. $84,900 d. $51,008
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The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Hours Direct Labor Costs Busiest month (June) 17,500 $ 229,022 Slowest month (December) 10,200 $ 155,000 If Macon expects to use 13,500 machine hours next month, what are the estimated direct labor costs?
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The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Busiest month (June) Slowest (December) Machine Direct Labor Hours Costs 14,750 $770,000 month 9,750 $620,000 If Shapely expects to use 12,000 machine hours next month, what are the estimated direct labor costs? A) $687,500 B) $1,008,260 C) $510,000 D) $400,969.

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