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

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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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Consider the following information: Costs Activity (hours) $ 51,000 40,000 $ 50,000 41,000 $ 58,000 42,000 $ 56,000 43,000 What cost and activity would be used as the high data point in high-low cost estimation? Multiple Choice None of these. $58,000 and 42,000 hours $58,000 and 43,000 hours $56,000 and 43,000 hours $56,000 and 42,000 hours
7 Skipped Pedregon Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense If 6,500 units are sold, the total variable cost is closest to: Multiple Choice $93,600 $112,450 $83,525 $75,400 Cost per Unit $ 6.60 $ 3.60 $ 1.40 $ 0.60 $ 0.65 Cost Per $23 $ 3
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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 $
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