Using the high-low method, how much is the total cost of producing 130 grams of honey? * 5 points ANSWER IN GOOD ACCOUNTING FORM. THANK YOU :) The cost accountant of Sweet Company recorded these cost of producing honeybee:DaysGrams ProducedTotal Cost IncurredMon100751,000600TuesWed25400Thur1501,5001,600600Fri175Sat50Sun1251,300

Solution: Variable cost per gram using high low method = (Cost at high level - Cost at low level) /…

Answered: |The cost accountant of Sweet Company…

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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|The cost accountant of Sweet Company recorded these cost of producing honeybee: Days Mon Grams Produced Total Cost Incurred 100 P Tues Wed 1,000 600 400 75 25 150 Thur 1,500 1,600 Fri Sat 175 50 125 600 Sun 1,300