Please help In July, Edmonds Resort Company incurred $62,400 offood service costs and served 12,000 meals.In December, when 8,000 meals were served, the foodservice cost was $49,600.Based on this limited data, estimate for the cost of foodservice:A. the variable cost per unitB. the fixed cost per month

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

Answered: In July, Edmonds Resort Company…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

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Chapter2: Building Blocks Of Managerial Accounting

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Problem 7EA: Western Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are...

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Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Do not round your intermediate calculations. Cost Machine Hours January $52,200 February 75,000 March 57,000 April 64,000 a. $2,530 Ob. $1,533 c. $22,800 Od. $50,600 20,000 29,000 22,000 24,500
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Western Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are $70,557 in March and rose to $90,644 in April. It costs Western Trucking $0.61 per mile in variable costs. In March, the delivery trucks were driven a total of 81,549 miles, and in April, they were driven a total of 96,989 miles. Using this information, answer the following: What were the total costs to operate the fleet in March? Round to the nearest whole dollar, no decimals.
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost January $26,800 February 38,500 March 28,200 April 30,800 a. $23,329 Ob. $10,978 Oc. $43,914 Od. $13,723 Machine Hours 9,500 18,000 11,700 15,400 ?
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Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,500 9,600 February 38,700 17,800 March 28,600 11,600 April 30,200 14,600 a.$9,774 b.$20,769 c.$39,094 d.$12,217
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,300 10,200 February 36,000 18,300 March 28,900 11,700 April 30,100 15,500 Oa. $23,946 Оb. SI1,269 Oc. S45,075 Od. $14,086 Previous Next Submit Test for Grading Reflector-3.2.1.dmg Show All reen Shot 202..png Canceled

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In July, Edmonds Resort Company incurred $62,400 of food service costs and served 12,000 meals. In December, when 8,000 meals were served, the food service cost was $49,600. Based on this limited data, estimate for the cost of food service: A. the variable cost per unit B. the fixed cost per month