Do fast and step by step calculation with explanation for this general accounting question Don't use Ai Corris Co. accumulates the following data concerning a mixed cost, usingmiles as the activity level.Miles Driven Total CostMonthJanuary 10,000February 8,000March 9,000April7,000$17,000$13,500$14,400$12,500Compute the variable and fixed cost elements using the high-low method.

Step 1: Define High-Low MethodHigh-Low Method separates the variable cost and fixed cost in a mixed…

Answered: Corris Co. accumulates the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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sing the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 13,000 $13,000 $12,000 $8,000 20,000 $21,000 $24,000 $8,000 What cost behavior patterns are apparent for Beta? Select one: a. Fixed b. Variable c. Mixed d. Semi-fixed e. None of the above
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Benjamin Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 7,500 $20,000 February 8,200 $21,100 March 8,500 $22,000 April 8,300 $21,750 Compute the variable- and fixed-cost elements using the high-low method.Single line text.
Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Miles Total Cost Driven Cost January 8,005 $14,170 March 8,500 $14,790 February 7,500 13,490 April 8,200 14,485 (a1) Your answer is correct. Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile (a2) eTextbook and Media $ 1.3 Compute the fixed costs using the high-low method for this mixed cost. Total fixed costs +A $ Attempts: 1 of 10 used
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Using the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 13,000 $13,000 $12,000 $8,000 20,000 $21,000 $24,000 $8,000 What cost behavior patterns are apparent for Gamma? Select one: a. Fixed b. Variable c. Mixed d. Semi-fixed e. None of the above
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Crane Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January 7995 14180 March 8510 14909 February 7505 13502 April 8200 14495 a/ Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places) Variable cost per mile b/ Compute the fixed cost elements using the high-low method. Fixed costs
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Using the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 13,000 $13,000 $12,000 $8,000 20,000 $21,000 $24,000 $8,000 What cost behavior patterns are apparent for each group? Select one: a. Alpha = Variable, Beta = Mixed, Gamma = Fixed b. Alpha = Mixed, Beta = Fixed, Gamma = Variable c. Alpha = Variable, Beta = Fixed, Gamma = Mixed d. Alpha = Fixed, Beta = Variable, Gamma = Mixed e. Alpha = Mixed, Beta = Variable, Gamma = Fixed
1) Determine the variable cost per unit and the fixed cost using the high-low method. 2) What is the equation of the total mixed cost function? 3) Based on the High-Low method, what is the total production costs if 6,500 units are produced?4) Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2 cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the yaxis.5) Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 units.) Answer all please and thanks.

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Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Month January 10,000 February 8,000 March 9,000 April 7,000 $17,000 $13,500 $14,400 $12,500 Compute the variable and fixed cost elements using the high-low method.