General Accounting Quesiton Question: Production costs were $128,500at 45,000 units and $163,000 at 58,000units. Using the high-low method, calculatethe estimated total costs for producing50,000 units.

Step 1: Step 1: Definition of the High-Low MethodThe High-Low Method is a cost estimation technique…

Answered: Question: Production costs were…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 8EB: Suppose that a company has fixed costs of $11 per unit and variable costs $6 per unit when 11,000...

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Answer give With Calculation
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Question: Production costs were $128,500 at 45,000 units and $163,000 at 58,000 units. Using the high-low method, calculate the estimated total costs for producing 50,000 units.