Answered: Calculate the variable cost per unit…

Calculate the variable cost per unit and monthly fixed cost using the high-low method. Given Data: Month Units Total Cost Jan 800 $38,000 Feb 1,200 $46,000 Mar 1,600 $54,000 Apr 900 $40,500

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 3DQ: Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What...

See similar textbooks

Related questions

Q: Solution want

A: To calculate the amount in Common Stock, we use the accounting equation:…

Q: Need help with this accounting question please answer

A: Detailed explanation:Given:Accrued Salaries Expense $4,500Beginning Salaries Payable Balance…

Q: Kindly help me with accounting questions

A: Step 1: Define Factory OverheadFactory overhead should be allocated using a base related to…

Q: Assume the company uses variable costing. Determine its product cost per unit.

A: Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…

Q: Don't use ai given answer accounting questions

A: To calculate the price-earnings (P/E) ratio, we first need to find the earnings per share (EPS) and…

Q: 2. Financial Accounting: On January 1, a company lends a corporate customer $178,000 at 7.25%…

A: Explanation of Interest Revenue:Interest revenue is the income earned from lending money or other…

Q: Moh cost

A: Explanation of Applied MOH:Applied Manufacturing Overhead (MOH) is the amount of overhead costs…

Q: I want answer

A: Explanation of Assets:Assets are resources owned or controlled bya company that are expected to…

Q: 10. All of the following are exclusions from gross income EXCEPT: A. Scholarships B. Gifts C.…

A: The correct answer is:C. Dividend Income Explanation:Gross income includes all income from whatever…

Q: What is the payback period in years for the machine? General accounting

A: Step 1: Define Payback PeriodThe payback period calculates the recovery period of the investment…

Q: Provide correct answer the accounting question

A: Step 1: Define Stockholders' EquityStockholders' equity represents the residual interest in the…

Q: Kindly help me with accounting questions

A: Step 1: Definition of Avoidable CostsAvoidable costs are the costs a business can eliminate if it…

Q: Do fast answer of this general accounting question

A: Explanation: In the given case, we are required to calculate the amount of manufacturing overhead…

Q: Don't use ai given answer accounting questions

A: Step 1: Formula ROE = Profit margin x Asset turnover x Equity multiplier Step 2: Substitution ROE =…

Q: The Smith company uses standerd costing

A: Step 1: Definition of Material Price VarianceMaterial Price Variance measures the difference between…

Q: A company has sales of $389,000 and cost of goods sold of $174,000. What is the gross profit margin?…

A: Explanation of Gross Profit Margin:Gross Profit Margin is a critical profitability metric that…

Q: Tyler Toys has a beginning inventory for the year of $18,000. During the year, Tyler purchases…

A: To determine ending inventory, we use the cost of goods sold (COGS) formula:…

Q: Kindly help me with accounting questions

A: Step 1: Definition of P/E RatioThe Price-to-Earnings (P/E) Ratio is a valuation metric that measures…

Q: Newport Stationery Supplies recently... Please provide answer the accounting question

A: Step 1: Define Taxable Income (EBT)Taxable income or earnings before taxes (EBT) is the profit a…

Q: Can you please answer the accounting question?

A: Calculation of Total AssetsTotal Assets = Current Asset + Fixed Assets =…

Q: Need answer

A: The question requires the determination of the ROE and the ROIC.Return on equity (ROE) is a…

Q: Paceheco Corporation uses the weighted-average method in its process costing system. The Molding…

A: To solve this problem and calculate the cost per equivalent unit for conversion costs in January for…

Q: A company carries an average annual inventory of $4.3 million if it estimates the cost of capital is…

A: Explanation of Inventory Carrying Cost:Inventory carrying cost represents the total expenses…

Q: The equity of Alliance Company is $198,300 and the total liabilities are $16,700. The total assets…

A: Explanation of Liabilities:Liabilities are financial obligations or debts that a company owes to…

Q: Provide general Account Answer. NO AI USE FOR YOUR INFORMATIONS

A: The correct term is:Asset Explanation:An asset is defined as an economic resource that is expected…

Q: None

A: To calculate the payback period, we determine when the cumulative cash flows equal or exceed the…

Q: Pina Company reports pre-tax financial income of $66,000 for 2017. The following items cause taxable…

A: To calculate the taxable income for 2017, we adjust the pre-tax financial income reported in the…

Q: Merchandise is sold on account to a customer for $72,500, terms GEB shipping point, 3/10, n/30. The…

A: Concept of Terms of Sale (3/10, n/30): This term defines the payment agreement between the buyer and…

Q: Kindly help me with accounting questions

A: Calculation of Net Cash Inflow from Operating ActivitiesNet Cash Inflow from Operating Activities =…

Q: Koco begins operations in 20X1 and uses the periodic method. In March, 20X1, Koco buys 700 units @…

A: To calculate the cost of the ending inventory using the LIFO method with the periodic inventory…

Q: Net Income: $250,000 & Sales:$7,500, 000 and average assets: $730,000

A: Explanation of Profit Margin:Profit Margin is a financial metric that shows the percentage of…

Q: Kindly help me with accounting questions

A: Present value of perpetuity = Annual inflows / interest rate…

Q: Provide correct answer general accounting

A: Step 1: Define Income taxIncome tax is a direct tax levied by the government on the individual.…

Q: On its balance sheet will be ??

A: Step 1: Define Straight-Line DepreciationThe straight-line depreciation method is a method where an…

Q: Machine purchased solve this general accounting question

A: Step 1: Formula Annual depreciation = (Cost - Residual value)/Useful life Step 2: Substitution…

Q: Need help with this accounting questions

A: Step 1: Definition of Quick RatioThe quick ratio, also known as the acid-test ratio, measures a…

Q: Units of production data for the two departments of Pacific Cable and Wire Company for November of…

A: b). Winding DepartmentDirect Materials and Conversion Equivalent…

Q: Compute marigolds 2017 postretirement expense????

A: Step 1: Define Pension ExpenseThe account pension expense can be found in the income statement. It…

Q: True Account solutions please.

A: To compute the total equivalent units of production (EUP) for conversion costs in the Refining…

Q: Please help me this question

A: Step 1: Define Average Collection PeriodThe average collection period is a mathematical expression…

Q: Olds inc., which products a single product, has provided the solve this question

A: Step 1: Define Absorption CostingAbsorption costing is a costing system for inventory valuation. It…

Q: General Accounting

A: Step 1: Define Financial Advantage/DisadvantageThe financial advantage or disadvantage is the net…

Q: Willis Company had an operating profit of $75,000 using variable costing and an operating profit of…

A: The difference between operating profit under variable costing and absorption costing arises because…

Q: provide correct answer.

A: Calculation of Completed Units:Completed Units = Work-in-process beginning + Started with current…

Q: Please solve this question general accounting

A: Step 1: Define CVP AnalysisCost volume profit analysis is done to establish a relationship between…

Q: Kindly help me with general accounting question

A: To calculate the firm's taxable income or earnings before taxes (EBT), follow these steps:Start with…

Q: What is the cost of goods manufactured for the year ended December 31 , 2004? General accounting

A: Step 1: Define Cost Of Goods ManufacturedIt represents the sum of all the costs incurred on the…

Q: ?

A: Explanation of Revenue:Revenue is the total income generated from the sale of goods or services by a…

Q: Can you please solve this accounting problem?

A: Step 1: Define Beginning InventoryBeginning Inventory refers to the value of goods or materials a…

Q: Don't use ai given answer accounting questions

A: Step 1: If Applied manufacturing overhead cost is less than the actual manufacturing overhead cost…

Question

Don't use ai given answer accounting questions

Calculate the variable cost per unit and monthly fixed cost using
the high-low method.
Given Data:
Month Units Total Cost
Jan 800 $38,000
Feb
1,200 $46,000
Mar 1,600 $54,000
Apr
900 $40,500

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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 by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Solve for the cost line equation using the high-low method: \table[[Month, Units Produced,Total Cost], [1,4,500,$ 38,000
Using the variable cost method, the markup per unit for 30,000 units (rounded to the nearest dollar) using the following data is Line Item Description Amount Variable cost per unit $15 Total fixed costs $90,000 Desired profit $150,000 A. $15 B. $8 C. $10
Given the linear relation: (80x-4C+2200 = 0) Ifx represents the number of units produced of a certain commodity, and C is the total weekly costs.What are the fixed weekly costs and the unit cost? a. Fixed costs: $2200 per week. Cost per unit: $800 b. Fixed costs: $2200 per week. Cost perunit: $4c. Fixed costs: $550 per week. Cost per unit:$20 d. Fixed costs: $20 per week. Cost per unit:$550
Given the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50
Find out BEP in units and value with the following data:Fixed cost - $30000Variable cost - $20 per unitSelling Price - $50 per unit.
5. The unit variable cost is $6.43, unit selling price is $10, total fixed costs are $638.03, and the projected sales are 430 units. Calculate: a. Net income b. Contribution Margin
Answer the following questions based on the given information: Sales Units 500,000 Total Sales $50,000,000 Total Variable Cost $35,000,000 Total Fixed Cost $10,000,000 What is Total Contribution Margin? What is Contribution Margin Per Unit? What is the Contribution Margin Ratio?
Please help me with show all calculation thanku
Solve this attachment.
1. The following data pertains to activity and utility cost for two recent periods:Activity level (units) 8,000 5,000Utility cost $8,000 $6,500Utility cost is a mixed cost with both fixed and variable components. Using the high-lowmethod, the cost formula for utility cost is:A. Y = $1.00 XB. Y = $1.25 XC. Y = $4,000 + $0.50 XD. Y = $1,500 + $1.25 X
1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. Alden Company’s monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs. Month Units Sold Total Cost 1 319,000 $ 156,500 2 164,000 100,250 3 264,000 204,600 4 204,000 99,000 5 289,000 200,500 6 189,000 111,000 7 361,000 285,296 8 269,000 150,750 9 76,200 66,000 10 149,000 129,625 11 93,000 93,000 12 99,000 82,650
Compute the missing amounts for the following table: Compute the missing amounts. ( Enter the contribution margin ratio to the nearest percent, X%)