Please at least answer the first two questions (variable cost/unit and fixed cost), the other two would be appreicated but I really need those first two! Presented below is the production data for the first six months of the year for the costs incurred by Strongsville Company. Round answers to the related questions up to three decimal places. Month Cost (S) January 16,900 February March 10,900 April 11,450 May 13,050 June 16,990 13,900 5,600 3,800 Machine Hours 4,500 3,700 4,215 4,980 The variable cost per unit using the high-low method is Using the high-low method, the fixed cost is ________ Type the cost function using the variable cost and the fixed cost that you calculated using the high-low method. Using the formula or the cost function you typed in the previous question, the total costs predicted when 4,700 machine hours are used is S.
Please at least answer the first two questions (variable cost/unit and fixed cost), the other two would be appreicated but I really need those first two! Presented below is the production data for the first six months of the year for the costs incurred by Strongsville Company. Round answers to the related questions up to three decimal places. Month Cost (S) January 16,900 February March 10,900 April 11,450 May 13,050 June 16,990 13,900 5,600 3,800 Machine Hours 4,500 3,700 4,215 4,980 The variable cost per unit using the high-low method is Using the high-low method, the fixed cost is ________ Type the cost function using the variable cost and the fixed cost that you calculated using the high-low method. Using the formula or the cost function you typed in the previous question, the total costs predicted when 4,700 machine hours are used is S.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Please at least answer the first two questions (variable cost/unit and fixed cost), the other two would be appreicated but I really need those first two!
Presented below is the production data for the first six months of the year for the costs incurred by Strongsville Company. Round answers to the related
questions up to three decimal places.
Month
Cost (S)
January 16,900
February
March 10,900
April 11,450
May 13,050
June 16,990
13,900
5,600
3,800
3,700
4,215
Machine Hours
4,500
4,980
The variable cost per unit using the high-low method is
Using the high-low method, the fixed cost is
Type the cost function using the variable cost and the fixed cost that you calculated using the high-low method.
Using the formula or the cost function you typed in the previous question, the total costs predicted when 4,700 machine hours are used is $_
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