Crane Company accumulates the following data concerning a mixed cost, using units produced as the activity level.Units ProducedTotal CostMarch9,970$20,005April8,93018,154May10,50020,538June8,71017,674July9,37018,604Compute the fixed costs using the high-low method.Fixed cost$

Step 1: Identify the High and Low Activity LevelsHighest units produced: 10,500 (May), Total cost =…

Answered: Crane Company accumulates the following…

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...

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Crane Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost March 9,970 $20,005 April 8,930 18,154 May 10,500 20,538 June 8,710 17,674 July 9,370 18,604 Compute the fixed costs using the high-low method. Fixed cost $