Bernard Company shows the following manufacturing costs for the first six months of the year:Production in UnitsTotal Costs1,350$38,6361,200$36,0001,520$40,4362,1502,5902,600JanuaryFebruaryMarchAprilMayJuneUsing the high-low method, the total fixed costs areA. $14,900B. $50,900C. $23,236D. $27,664$48,636$50,780$50,900(Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.)

Name: Bernard Company shows the following manufacturing costs for the first
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Description: Bernard Company shows the following manufacturing costs for the first six months of the year:Production in UnitsTotal Costs1,350$38,6361,200$36,0001,520$40,4362,1502,5902,600JanuaryFebruaryMarchAprilMayJuneUsing the high-low method, the total fixed

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Bernard Company shows the following mant cturing costs for the first six months of the year: Production in Units Total Costs 1,350 $38,636 1,200 $36,000 1,520 $40,436 $48,636 $50,780 $50,900 January February March April May June 2,150 2,590 2,600 Using the high-low method, the total fixed costs are OA. $14,900 OB. $50,900 OC. $23,236 OD. $27,664 . (Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.) ***

Bernard Company shows the following mant cturing costs for the first six months of the year: Production in Units Total Costs 1,350 $38,636 1,200 $36,000 1,520 $40,436 $48,636 $50,780 $50,900 January February March April May June 2,150 2,590 2,600 Using the high-low method, the total fixed costs are OA. $14,900 OB. $50,900 OC. $23,236 OD. $27,664 . (Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.) ***

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Question

Bernard Company shows the following manufacturing costs for the first six months of the year:
Production in Units
Total Costs
1,350
$38,636
1,200
$36,000
1,520
$40,436
2,150
2,590
2,600
January
February
March
April
May
June
Using the high-low method, the total fixed costs are
A. $14,900
B. $50,900
C. $23,236
D. $27,664
$48,636
$50,780
$50,900
(Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.)

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