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DO IT! 5-1 Helena Company reports the following total costs at two levels of production. 5,000 Units $ 3,000 10,000 Units $ 6,000 Indirect labor Property taxes Direct labor Direct materials Depreciation Utilities 7,000 28,000 22,000 4,000 5,000 9,000 7,000 56,000 44,000 4,000 7,000 11,000 Maintenance Classify each cost as variable, fixed, or mixed.

DO IT! 5-1 Helena Company reports the following total costs at two levels of production. 5,000 Units $ 3,000 10,000 Units $ 6,000 Indirect labor Property taxes Direct labor Direct materials Depreciation Utilities 7,000 28,000 22,000 4,000 5,000 9,000 7,000 56,000 44,000 4,000 7,000 11,000 Maintenance Classify each cost as variable, fixed, or mixed.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1.3 1:18 PM K/s acctg 2-assgn.JPG DO IT! 5-1 Helena Company reports the following total costs at two levels of production. 10,000 Units $ 6,000 7,000 56,000 44,000 4,000 7,000 11,000 5,000 Units $ 3,000 7,000 28,000 22,000 4,000 5,000 9,000 Indirect labor Property taxes Direct labor Direct materials Depreciation Utilities Maintenance Classify each cost as variable, fixed, or mixed. DO IT! 5-2 Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost $18,000 16,650 18,580 16,200 17,100 March April May June 10,000 9,000 10,500 8,800 9,500 July (a) Compute the variable- and fixed-cost elements using the high-low method. (b) Estimate the total cost if the company produces 9,200 units. O
Transcribed Image Text:1.3 1:18 PM K/s acctg 2-assgn.JPG DO IT! 5-1 Helena Company reports the following total costs at two levels of production. 10,000 Units $ 6,000 7,000 56,000 44,000 4,000 7,000 11,000 5,000 Units $ 3,000 7,000 28,000 22,000 4,000 5,000 9,000 Indirect labor Property taxes Direct labor Direct materials Depreciation Utilities Maintenance Classify each cost as variable, fixed, or mixed. DO IT! 5-2 Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost $18,000 16,650 18,580 16,200 17,100 March April May June 10,000 9,000 10,500 8,800 9,500 July (a) Compute the variable- and fixed-cost elements using the high-low method. (b) Estimate the total cost if the company produces 9,200 units. O
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