The following cost information is available for Riverdale Manufacturing: Month Hours Cost January 250 $18,500 February 300 $21,000 March 275 $19,750 April 350 $23,500 May 180 $15,400 June 320 $22,100 Use the high/low method to estimate both the fixed and variable costs.

The following cost information is available for Riverdale Manufacturing: Month Hours Cost January 250 $18,500 February 300 $21,000 March 275 $19,750 April 350 $23,500 May 180 $15,400 June 320 $22,100 Use the high/low method to estimate both the fixed and variable costs.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 9P: Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The...

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Question

I am looking for help with this general accounting question using proper accounting standards.

The following cost information is available for Riverdale Manufacturing:
Month Hours Cost
January 250
$18,500
February 300 $21,000
March 275 $19,750
April 350 $23,500
May 180 $15,400
June
320
$22,100
Use the high/low method to estimate both the fixed and variable costs.

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