What is the correct answer with accounting question Highland Electronics had total costs of $142,500 when 15,000 units wereproduced and $177,000 when 25,000 units were produced. Use the high-lowmethod to estimate the total costs for a production level of 20,000 units.a. $155,250b. $159,750c. $164,250d. $168,750

Step 1: Definition of High-Low MethodThe High-Low Method is a cost estimation technique used to…

Answered: Highland Electronics had total costs of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

See similar textbooks

Similar questions

Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000 for reworking products. A good estimate of nonvalue-added costs would be a. 70,000. b. 130,000. c. 40,000. d. 90,000. e. 100,000.
What is the estimated fixed cost ?
Company XYZ produced 1,000 units of product A. At this level, the variable manufacturing costs were OMR360,000 and the variable selling and administrative costs were OMR90,000. Furthermore, the total fixed cost was OMR120,000. Assuming the company increased the production level to 1,030 units, what would be the increase in total manufacturing costs? Select one: O a. OMR14,400 O b. OMR10,800 c. None of the given answers O d. OMR13,500 O e. OMR17,100
Piper Technology's fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130. The amount of sales required to realize an operating income of $200,000 is a.14,167 units b.12,500 units c.16,000 units d.11,538 units
Total costs for Locke & Company at 140,000 units are $289,000, while total fixed costs are $165,000. The total variable costs at a level of 280,000 units would be (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) O A. $249,200 B. $330,000 C. $578,000 O D. $144,500
Total fixed costs for Randolph Manufacturing are $804,000. Total costs, including both fixed and variable, are $1,040,000 if 160,000 units are produced. The fixed cost per unit at 188,500 units would be closest to A. $5.03/unit. B. $4.27/unit. C. $1.25/unit. D. $5.52/unit
Plymouth Manufacturing produces cup holders. Total manufacturing costs are $400,000 when 40,000 holders are produced. Of this amount, total variable costs are $120,000. What are the total production costs when 60,000 holders are produced? (Assume the same relevant range for both production levels.) A. $130,000 B. $600,000 C. $530,000 D. $460,000
Prearcan CVBA's income statement shows the following: Sales Revenue: $9,121,000 Variable Costs: 4,797,000 Fixed Costs: 3,946,000 If unit sales were 5,000, the contribution margin per unit to the nearest cent is : $
Company XYZ is currently producing AND selling 10,000 units of product A. At this level, the total product cost was $60,000. This included $10,000 direct materials, $20,000 direct labor and $30,000 manufacturing overhead cost, which included 20% variable manufacturing overhead cost. The selling and administrative expenses were $100,000, which included $60,000 fixed selling and administrative costs. Assume that the selling price per unit $20, how much was the total contribution margin?
Total costs for Bell & Bunn Corporation at 120,000 units are $289,000, while total fixed costs are $145,000. The total variable costs at a level of 250,000 units would be: $300,000. $602,083. $138,720. $302,083.
Johnson Plumbing's fixed costs are $700,000 and the unit contribution margin is $17. What amount of units (rounded to a whole number) must be sold in order to realize an operating income of $100,000? a.58,882 b. 5,000 c.47,059 d.41,176
Total fixed costs for Randolph Manufacturing are $784,000. Total costs, including both fixed and variable, are $1,050,000 if 160,000 units are produced. The fixed cost per unit at 228,500 units would be closest to A. $3.43/unit. B. $1.16/unit O C. $4.60/unit O D. $4.90/unit

SEE MORE QUESTIONS

Recommended textbooks for you

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Highland Electronics had total costs of $142,500 when 15,000 units were produced and $177,000 when 25,000 units were produced. Use the high-low method to estimate the total costs for a production level of 20,000 units. a. $155,250 b. $159,750 c. $164,250 d. $168,750