High-low methodEvander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows:Units Produced1,4302,5303,630Total Costs$190,080262,310295,680a. Determine the variable cost per unit and the total fixed cost.Variable cost $Total fixed cost $b. Based on part (a), estimate the total cost for 1,820 units of production.Total cost for 1,820 units $

The high-low method is a cost analysis technique that identifies the variable and fixed components…

Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follow Units Produced Total Costs $190,080 262,310 295,680 a. Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ 1,430 2,530 3,630 b. Based on part (a), estimate the total cost for 1,820 units of production. Total cost for 1,820 units $

Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follow Units Produced Total Costs $190,080 262,310 295,680 a. Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ 1,430 2,530 3,630 b. Based on part (a), estimate the total cost for 1,820 units of production. Total cost for 1,820 units $

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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If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $245,100, what is the manufacturing cost per unit if a. 4,300 units are manufactured and the company uses the variable costing concept?
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The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 9,700 $ 21,340 ? 18,916 $ 77,356 Total cost August a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 12,804 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. 17,460 $ ? 37,100 ? $ 104,361 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the total cost that would be incurred for the production of 12,804 units. Note: Do not round intermediate calculations.
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