So Nice, You Do It Twice is a manufacturer of unicycles used for circus performers.The following data has been collected from their financial records.Activity LevelCost Per Unicycle280 Unicycles$400240 Unicycles$380230 Unicycles$375September225 Unicycles$420Assuming the relevant range extends to 700 Unicycles per year and the data abovedoes not include an outlier, which of the following statements is correct? (Assume ahigh-low method is used to develop cost behavior equations).MonthJuneJulyAugustTotal monthly fixed costs are expected to be $216,000.For each additional unicycle manufactured, costs are expected to increase by$318.18.The manufacturing costs are variable costs because the per unit amount changeswith the activity level.If 4,500 unicycles are expected to be produced in a given year, total annual costswould be $1,548,000.None of the above are correct.

The costs incurred for the production are classified as fixed and variabe costs. The high-low method…

Is a unicycles The following data has been collected from their financial records. perio Month June July August Activity Level Cost Per Unicycle 280 Unicycles $400 240 Unicycles $380 230 Unicycles $375 September 225 Unicycles $420 Assuming the relevant range extends to 700 Unicycles per year and the data abo does not include an outlier, which of the following statements is correct? (Assum high-low method is used to develop cost behavior equations). Total monthly fixed costs are expected to be $216,000. For each additional unicycle manufactured, costs are expected to increase by $318.18. The manufacturing costs are variable costs because the per unit amount chan with the activity level. If 4,500 unicycles are expected to be produced in a given year, total annual c would be $1,548,000.

Is a unicycles The following data has been collected from their financial records. perio Month June July August Activity Level Cost Per Unicycle 280 Unicycles $400 240 Unicycles $380 230 Unicycles $375 September 225 Unicycles $420 Assuming the relevant range extends to 700 Unicycles per year and the data abo does not include an outlier, which of the following statements is correct? (Assum high-low method is used to develop cost behavior equations). Total monthly fixed costs are expected to be $216,000. For each additional unicycle manufactured, costs are expected to increase by $318.18. The manufacturing costs are variable costs because the per unit amount chan with the activity level. If 4,500 unicycles are expected to be produced in a given year, total annual c would be $1,548,000.

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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