11:57 M46* ll 95% i* RequiredHigh-Low MethodX Company accumulates the following dataabout maintenance costs, a mixed cost,using hours as the activity level:HoursCost30,000$150,000May20,000125,000June25.000137,500July10,000100,000August15,000112,500Based on the above, in applying the high-low method, what is the unit variable cost?$2.5$5$10None of the above 11:57 M46* ll 95% iBased on the above, using the high-lowmethod, the estimated fixed cost elementis$75,000$125,000$25,000None of the aboveBased on the above, using the high-lowmethod, determine an estimate of totalmaintenance cost for a month in whichproduction is expected to be 35,000 units.$87,500$250,000$162,500None of the abovePage 4 of 10

Name: 11:57 M46* ll 95% i* RequiredHigh-Low MethodX Company accumulates the
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Description: 11:57 M46* ll 95% i* RequiredHigh-Low MethodX Company accumulates the following dataabout maintenance costs, a mixed cost,using hours as the activity level:HoursCost30,000$150,000May20,000125,000June25.000137,500July10,000100,000August15,000112,500B

This method is used to segregate variable cost and fixed cost. In this method, highest level of…

Business

Accounting

High-Low Method X Company accumulates the following data about maintenance costs, a mixed cost, using hours as the activity level: Hours Cost Аpril 30,000 S150.000 May 20,000 125,000 June 25,000 137,500 July 10,000 100,000 August 15,000 112,500 Based on the above, in applying the high- low method, what is the unit variable cost? $2.5 $5 $10 None of the above

High-Low Method X Company accumulates the following data about maintenance costs, a mixed cost, using hours as the activity level: Hours Cost Аpril 30,000 S150.000 May 20,000 125,000 June 25,000 137,500 July 10,000 100,000 August 15,000 112,500 Based on the above, in applying the high- low method, what is the unit variable cost? $2.5 $5 $10 None of the above

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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High-low method 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 follows: Units Produced 1,430 2,530 3,630 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 $ b. Based on part (a), estimate the total cost for 1,820 units of production. Total cost for 1,820 units $
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High-low method 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. T Units Produced Total Costs 1,350 2,570 4,350 $183,600 225,220 285,600 a. 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 2,050 units of production. Total cost for 2,050 units $
How do i solve the chart?
How do I solve the chart?