Pearson Electric Company uses the high-low method to analyze mixed costs. The followinginformation relates to the production data for the first six months of the year.Cost (Y) Hours (H)$ 7,300$9,125$ 7,540$7,485$ 9,460$9,030Month260JanuaryFebruary730March410April330May980June705How should the cost function be properly stated using the high-low method?Multiple ChoiceY = $6,025 + $2.00H.Y = $6,250 + $3.00H.Y = $6,085 + $2.00H.Y = $6,520 + $3.00H.

A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…

Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month Cost (Y) Hours (H) January $ 7,300 260 February $ 9,125 730 $7,540 $7,485 $9,460 $9,030 March 410 April 330 May 980 June 705 How should the cost function be properly stated using the high-low method? Multiple Choice Y = $6,025 + $2.OOH. Y = $6,250 - $3.0OH. Y = $6,085 + $2.O0H. Y = $6,520 - $3.00H.

Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month Cost (Y) Hours (H) January $ 7,300 260 February $ 9,125 730 $7,540 $7,485 $9,460 $9,030 March 410 April 330 May 980 June 705 How should the cost function be properly stated using the high-low method? Multiple Choice Y = $6,025 + $2.OOH. Y = $6,250 - $3.0OH. Y = $6,085 + $2.O0H. Y = $6,520 - $3.00H.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

COP
Please help me with show all calculation thanku
The following information was collected for the first year of manufacturing for Appliance Apps Direct Materials per Unit Direct Labar per Unit Variable Manufacturing Overhead per Unit Variable Selling and Administration Expenses Units Produced Units Sold Sales Price Fixed Manufacturing Expenses Fixed Selling and Administration Expenses Prepare an income statement under variable costing method. Appliance Apps Income Statement Sales Variable Cost of Goods Sold Gross Contribution Margin Variable Selling and Administration Expenses Contribution Margin Fixed Manufacturing Expenses Fixed Selling and Administration Expenses Net Income $2.50 $1.50 $0.25 $1.75 39,000 35,000 $12 Appliance Apps Reconciliation $117,000 $20,000 420,000 148,750 271,250 61,230 210,000 117,000 20,000 20,000 Prepare a reconciliation to the income under the absorption method.
None
don't give answer in im
Prepare an absorption-costing income statement for last year. Round to nearest whole number.
Please do not give image format
Please provide correct solution for correct answer
The following data are available for MR SANJO Corp. during the past months:
Please help me fix this! Thanks!
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $ 147 0 6,900 6,600 300 Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the unit product cost for the month under variable costing? $ 24 $ 54 $ 18 $ 18 $ 186,300 $ 27,600 Multiple Choice $114 per unit $141 per unit $123 per unit
Domestic