April May lune 5,800 1,750 3,015 88,750 32,500 48,000 .. From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs (Variable Cost Per Unit x Number of Units Produced) + Fixed Cost. Complete the following table. Total Fixed Cost Variable Cost per Unit 2. With your Total Fixed Cost and Variable Cost per Unit from the high-low method, compute the total cost for the following values of N (Number of Units Produced). Number of Units Produced Total Cost 3,500 4,360 5,800 . Why does the total cost computed for 4,360 units not match the data for January? . The high-low method is accurate only for months in which production is at full capacity. . The high-low method only gives accurate data when fixed costs are zero. . The high-low method gives a formula for the estimated total cost and may not match levels of production other than the highest and lowest.

April May lune 5,800 1,750 3,015 88,750 32,500 48,000 .. From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs (Variable Cost Per Unit x Number of Units Produced) + Fixed Cost. Complete the following table. Total Fixed Cost Variable Cost per Unit 2. With your Total Fixed Cost and Variable Cost per Unit from the high-low method, compute the total cost for the following values of N (Number of Units Produced). Number of Units Produced Total Cost 3,500 4,360 5,800 . Why does the total cost computed for 4,360 units not match the data for January? . The high-low method is accurate only for months in which production is at full capacity. . The high-low method only gives accurate data when fixed costs are zero. . The high-low method gives a formula for the estimated total cost and may not match levels of production other than the highest and lowest.

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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