Lark would estimate fixed costs as .....? General accounting Lark, which uses the high-low method, had total costsof $25,000 at its lowest level of activity when 5,000 unitswere sold. When, at its highest level of activity, salesequaled 12,000 units, total costs were $39,000. Larkwould estimate fixed costs as

Step 1: Definition of High-Low MethodThe High-Low Method is used to separate fixed and variable…

Answered: Lark, which uses the high-low method,…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

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Chapter2: Building Blocks Of Managerial Accounting

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Problem 5EB: Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following...

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Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?
Lark would estimate fixed costs as .....?
Lumen would estimate fixed costs as?
Ajax uses the high-low method of estimating costs. Ajax had total costs of $50 000 at its lowest level of activity, when 5 000 units were sold. When, at its highest level of activity, sales equaled 12 000 units, total costs were $78 000. Ajax would estimate fixed costs as:
Ajax uses the high-low method of estimating costs. Ajax had total costs of $50 000 at its lowest level of activity, when 5 000 units were sold. When, at its highest level of activity, sales equalled 12 000 units, total costs were $78 000. Ajax would estimate variable cost per unit as
Lumen Products, which uses the high-low method, had total costs of $32,000 at its lowest level of activity when 6,000 units were sold. At its highest level of activity, total costs were $50,000 when 11,000 units were sold. Lumen would estimate fixed costs as _.
Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $26,450 at its lowest level of activity, when 7,100 units were sold. When, at its highest level of activity, sales equaled 12,700 units, total costs were $39,890. What would be the estimated variable cost per unit be?
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units?
Meadow uses the high-low method, had total costs of $300,250 at its lowest level of activity when 10,500 units were sold. When, at its highest level of activity, sales equaled 16,700 units, total costs were $397,900. Meadow would estimate fixed costs as: $262,525 $97,650 $134,875 Ⓒ$485,050
Basel uses the high-low method of estimating costs. Basel had total costs of $50,000 at its lowest level of activity, when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, and total costs were $78,000. Basel would estimate variable cost per unit as O a. $ 10 O b. $6.50 ○ c. $ 7.53 d. $4
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Lark, which uses the high-low method, had total costs of $25,000 at its lowest level of activity when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, total costs were $39,000. Lark would estimate fixed costs as