Please answer all subparts because i cannot post last subpart separately as it is interlinked with above parts please answer all thanx in advance High-low method-missing amounts The following data have been extracted from the records of Puzzle Inc.:Production level, in unitsVariable costsFixed costsMixed costsTotal costsFebruary10,000$24.00020,000August20,000$?36,0002$80,000 $118.000Required: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 16,000 units.d. Identify the two key cost behavior assumptions made in the calculation of your answerto part c.Page 467

High-low method-missing amounts The following data have been ekracted from the records of Puzzle Inc Production level, in units Variable costs Fixed costs Mixed costs Total costs February 10,000 $24,000 .? 20,000 $80,000 August 20,000 $? 36,000 $118,000

High-low method-missing amounts The following data have been ekracted from the records of Puzzle Inc Production level, in units Variable costs Fixed costs Mixed costs Total costs February 10,000 $24,000 .? 20,000 $80,000 August 20,000 $? 36,000 $118,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Please answer all subparts because i cannot post last subpart separately as it is interlinked with above parts please answer all thanx in advance

High-low method-missing amounts The following data have been extracted from the records of Puzzle Inc.:
Production level, in units
Variable costs
Fixed costs
Mixed costs
Total costs
February
10,000
$24.000
20,000
August
20,000
$?
36,000
2
$80,000 $118.000
Required:
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 16,000 units.
d. Identify the two key cost behavior assumptions made in the calculation of your answer
to part c.
Page 467

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