A-5 Assume that a company wants to separate a mixed cost into its variableand fixed elements for cost estimation purposes. It provided thefollowing information:Week12345678910Units Produced12,000.13,50014,00013,70011,50010,10010,80014,40011, 20013, 200Mixed Cost$ 35,300$ 39,500$ 41,100$ 39,620$ 34,400$ 32,050$ 32,380$ 41,890$ 34,200$ 39,150Using least-squares regression, the estimate for the fixed cost per weekis closest to:

Introduction: In cost accounting and economics, the relationship between total cost (TC), fixed cost…

Answered: Assume that a company wants to separate…

Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost estimation purposes. It provided the following information:

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7E: High-low method Ziegler Inc. has decided to use the high-low method to estimate the total cost and...

See similar textbooks

Related questions

Q: How do i do EX 12-3 & EX 12-4

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: the customer per small p the customer per large p= s Stork Enterprises have f gnize this tax…

A: A. Total tax charged to the customer per small package = 6% x $45 = $2.70Overall charge per small…

Q: need part d, e, f answered

A: Income tax expense for the year is calculated by adjusting deferred tax liability and deferred tax…

Q: rements 2A through 4 agai

A: Budget is the estimation of revenue and expenses prior to starting the operation. To manage the…

Q: EX 16-4 Entry for issuing materials Materials issued for the current month are as follows:…

A: As posted multiple independent questions we are answering only one kindly repost the unanswered…

Q: Activity F stomer Service

A: 1) S. Inc Activity rate = Total activity cost ÷ Activity Base Customer Service = $29,190 ÷ 210 =…

Q: Question 6 Listen Which of the following sets represent an intersection, union, subset, and com-…

A: From the Venn diagram :A contains: {2,3,5,7}B contains: {2,4,6,8,10}The universal set S contains:…

Q: Section 1250 summary

A: Section 1250 of the United States Internal Revenue Code is a rule wherein IRS will tax a gain from…

Q: E12.17

A: Retained earnings refer to the amount earned by the organization till the date of preparation of the…

Q: Simplify the following: 2b x 3b - b x 5b

A: 2b x 3b - b x 5b Using rule of mathematics, multiplication function will be used first and then…

Q: answer pls..

A: Step 1:Dear you haven't clearly mentioned what to answer.Kindly try re-uploading the question.As no…

Q: LO 7.4 Name the four main special journals.

A: Please see the next step for the solution

Q: to a. Accrued Salaries Expense, $800. . Depreciation was recorded on the truck using the…

A: JOURNAL In the books of Murphy Delivery Service Date Particular L.F. Debit (in $)…

Q: What about requirement 4+5

A: Since only requirement 4 and 5 is asked I am not solving the 6th requirement.For solution one…

Q: What information is included in Form 10-K?

A: Form 10-k: From 10-k contains information on annual report that are Country U Securities and…

Q: Instructions 1. Determine the missing amounts associated with each letter. Provide supporting…

A: 1. Resultant Table:

Q: 7-3 A

A: Check & Stub is part of check that is retained for record purpose and it contains information…

Q: is the delivery of products or services to customers. O a. Distribution O b. Customer service O c.…

A: Lets understand all the terms mention in the question to determine right answer. There are various…

Q: need help with question 6

A: The purchase term 2/15, n/30 means 2% discount is available if the payment made in 15 days, the…

Q: Question 4 Listen Which of the following points are on the unit circle? Select all that apply. A…

Question

A-5

Assume that a company wants to separate a mixed cost into its variable
and fixed elements for cost estimation purposes. It provided the
following information:
Week
1
2
3
4
56
7
8
9
10
Units Produced
12,000.
13,500
14,000
13,700
11,500
10,100
10,800
14,400
11, 200
13, 200
Mixed Cost
$ 35,300
$ 39,500
$ 41,100
$ 39,620
$ 34,400
$ 32,050
$ 32,380
$ 41,890
$ 34,200
$ 39,150
Using least-squares regression, the estimate for the fixed cost per week
is closest to:

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction and Solution Planning.

VIEW

Step 2: Calculation of variable cost per unit.

VIEW

Solution

VIEW

Step by step

Solved in 3 steps with 4 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost estimation purposes. It provided the following information: Week Units Produced Mixed Cost 1 12,000 $ 35, 300 2 13, 500 $ 39, 500 3 14, 000 $ 41, 100 4 13, 700 $ 39, 620 5 11,500 $ 34,400 6 10, 100 $ 32, 050 7 10,800 $ 32, 380 8 14, 400 $ 41,890 9 11, 200 $ 34, 200 10 13, 200 $ 39, 150 Using least - squares regression, the estimate for the fixed cost per week is closest to:
I need help with accounting question
Financial accounting
Compute the variable and fixed cost elements
Consider the following information: Costs Activity (hours) $ 51,000 40,000 $ 50,000 41,000 $ 58,000 42,000 $ 56,000 43,000 What cost and activity would be used as the high data point in high-low cost estimation? Multiple Choice None of these. $58,000 and 42,000 hours $58,000 and 43,000 hours $56,000 and 43,000 hours $56,000 and 42,000 hours
Using miles as the activity level
Given the following information, choose the cost and activity that would be used as the high data point in high-low cost estimation: Costs (P) Activity (hours) 48 000 41 500 49 000 42 000 57 000 42 500 56 000 43 000 55 000 43 500 O P57 000 and 43 500 hours O P55 000 and 43 000 hours O P55 000 and 42 500 hours O P55 000 and 43 500 hours O P57 000 and 42 500 hours O P56 000 and 43 500 hours
The variable and fixed cost elements using the high low method
I need answer of this question
Please help me
High-low methodZiegler Inc. has decided to use the high-low method to estimate the totalcost and the fixed and variable cost components of the total cost. Thedata for various levels of production are as follows: Units Produced Total Costs 80,00092,000120,000 $25,100,00027,206,00032,120,000 A. Determine the variable cost per unit and the total fixed cost.B. Based on part (B), estimate the total cost for 115,000 units ofproduction.
Find the missing information Output Fixed Variable Total Costs Costs Cost of (units) Costs per unit stion Company 4000 50000 70000 ? ? A Select one: O a. Total cost 120000 cost per unit 15.5 O b. otal cost 120000 cost per unit 30 O c. Total cost 74000 cost per unit 18.5 O d. Total cost 54000 cost per unit 13.5