Answered: M.G. Gabon, REB, accumulates the… | bartleby

FINANCIAL ACCOUNTING

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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M.G. Gabon, REB, accumulates the following data concerning a mixed cost, using units
produced as the activity level.
Month
Units Produced
Total Cost
March
9,800
Php 14,740
April
8,500
13,250
May
7,000
11,100
June
7,600
12,000
July
8,100
12,460
Estimate the total cost if the company produces 6,000 units.
Compute the fixed cost elements using the high-low method.
Compute the variable cost elements using the high-low method.

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