What is the variable electricity cost per unit and the total fixed electricity cost? At Dixon Manufacturing, electricity costs are a mixed cost. At 1,000 machinehours, electricity costs are $2,400. At 2,500 machine hours, electricity costsare $4,600. Using the high-low method, what is the variable electricity costper unit and the total fixed electricity cost?a. $1.47 and $930b. $1.47 and $1,200c. $1.84 and $560d. $1.84 and $920

Step 1: Definition of the High-Low MethodThe High-Low Method is a technique used to separate mixed…

Answered: At Dixon Manufacturing, electricity…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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You have calculated, using the high-low method, a variable cost per machine hour of $0.80 for your production power costs. Power costs at 6,000 machine hours are $5,400; at 9,000 machine hours, they are $7,800. What are the total fixed costs that you would use to estimate production power costs for your company at any level within your relevant range? a. $600 b. $6,400 c. $2,400 d. $4,800
Max Machining incurs the following utilities costs at different levels of production: 0 units: 500 units: 1,000 units: How would utility costs be properly classified? Select one: A. Stepped B. Fixed C. Mixed D. Curvilinear E. Variable $120 $2,620 $5,120
The following costs are for Optical View Incorporated, a contact lens manufacturer: Output in Units Fixed Costs Variable Costs Total Costs 250 $ 4,750 $ 7,500 $ 12,250 300 4,750 9,000 13,750 350 4,750 10,500 15,250 400 4,750 12,000 16,750 For each level of output calculate the per-unit total cost, per-unit variable cost, and per-unit fixed cost. (Round your answers to the nearest whole dollar amount.)
The following costs related to Lillian Company: Variable Costs per unit: Direct materials $2.50 Direct labor $0.75 Overhead $1.25 Selling & Administrative $1.50 Fixed Costs: Overhead $10,000 Selling & Administrative $5,000 Each unit sells for $15.00. At a sales volume of 15,000 units, what is Lillian Company’s total cost?
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Total costs for ABC Distributing are $250,000 when the activity level is 10,000 units. If variable costs are $5 per unit, what are their fixed costs? A. S240,000 B. S200,000 C. S260,000 D. Their fixed costs cannot be determined from the information presented.
Using the high low method, Hadley Company calculated the variable cost as $2.5 per unit. The high level of the activity was 2320 units and $38325 of total cost. Total fixed costs equal $ your answer as a whole number. 32.525 Moving to another question will save this response. Ent << Question 4 of
The following costs are for Optical View Incorporated, a contact lens manufacturer: Output in Units Fixed Costs Variable Costs Total Costs 250 $ 4,750 $ 7,500 $ 12,250 300 4,750 9,000 13,750 350 4,750 10,500 15,250 400 4,750 12,000 16,750 Required: 2. For each level of output calculate the per-unit total cost, per-unit variable cost, and per-unit fixed cost. (IMAGE ATTACHED) 3. Using the results from requirement 2, graph the per-unit total cost, per-unit variable cost, and per-unit fixed cost. (Use the line tool to draw the per-unit total cost, per-unit variable cost, and per-unit fixed cost. To earn full credit for this graph you must plot all required points for each curve. While plotting the points a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed.)
Which of the following is the correct contribution margin per machine hour on these general accounting question?
None

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