Problem 12-19 (Algo) High-low method LO 12-6 A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs Mixed costs Total costs 4,000 $ 8,200 32,000 15,940 $ 56,140 During July, the activity level was 9.200 units, and the total costs incurred were $68,500. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during July. b. Use the high-low method to calculate the cost formula for mixed cost. Complete this question by entering your answers in the tabs below. Required A Required B Use the high-low method to calculate the cost formula for mixed cost. Note: Do not round intermediate calculations and round your answers to 2 decimal places Cost formula per unit < Required A Rectered S
Problem 12-19 (Algo) High-low method LO 12-6 A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs Mixed costs Total costs 4,000 $ 8,200 32,000 15,940 $ 56,140 During July, the activity level was 9.200 units, and the total costs incurred were $68,500. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during July. b. Use the high-low method to calculate the cost formula for mixed cost. Complete this question by entering your answers in the tabs below. Required A Required B Use the high-low method to calculate the cost formula for mixed cost. Note: Do not round intermediate calculations and round your answers to 2 decimal places Cost formula per unit < Required A Rectered S
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixed
costs, are a function of the number of units of activity:
Activity level in units
Variable costs
Fixed costs
Mixed costs
Total costs
4,000
$ 8,200
32,000
15,940
$56,140
During July, the activity level was 9.200 units, and the total costs incurred were $68.500.
Required:
a. Calculate the variable costs, fixed costs, and mixed costs incurred during July
b. Use the high-low method to calculate the cost formula for mixed cost.
Complete this question by entering your answers in the tabs below.
Required A Required B
Calculate the variable costs, fixed costs, and mixed costs incurred during July.
July
Variable cost
Fixed cost
Mixed cost
D

Transcribed Image Text:Problem 12-19 (Algo) High-low method LO 12-6
A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixed
costs, are a function of the number of units of activity:
Activity level in units
Variable costs
Fixed costs
Mixed costs
Total costs
4,000
$ 8,200
32,000
15,940
$ 56,140
During July, the activity level was 9.200 units, and the total costs incurred were $68,500.
Required:
a. Calculate the variable costs, fixed costs, and mixed costs incurred during July.
b. Use the high-low method to calculate the cost formula for mixed cost.
Complete this question by entering your answers in the tabs below.
Required A Required B
Use the high-low method to calculate the cost formula for mixed cost.
Note: Do not round intermediate calculations and round your answers to 2 decimal places
Cost formula
per unit
< Required A
Ressered i
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