A-3 The following data have been extracted from the records of Puzzle Incorporated:Production level, in unitsVariable costsFixed costsMixed costsTotal costsRequired:Required A Required Ba. Calculate the missing costs.b. Calculate the cost formula for mixed cost using the high-low method.c. Calculate the total cost that would be incurred for the production of 16,093 units.d. Identify the two key cost behavlor assumptions made in the calculation of your answer to part c.Calculate the missing costs.Note: Do not round intermediate calculations.Production level, in unitsVariable costsFixed costsMixed costsTotal costsComplete this question by entering your answers in the tabs below.February10, 200$ 29,588?Required C Required DFebruary29,944$ 97,82410,200$ 29,580$August23,46038,300August29,94497,824 $ 165,71523,460$?38,300$ 165,715< Required ARequired B >

The high-low method is used to differentiate the mixed costs. Mixed cost is the combination of fixed…

The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 10, 200 $ 29,588 ? 29,944 $ 97,824 August 23,460 $? 38,300 ? $ 165,715 a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 16,093 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c.

The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 10, 200 $ 29,588 ? 29,944 $ 97,824 August 23,460 $? 38,300 ? $ 165,715 a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 16,093 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

A-3

The following data have been extracted from the records of Puzzle Incorporated:
Production level, in units
Variable costs
Fixed costs
Mixed costs
Total costs
Required:
Required A Required B
a. Calculate the missing costs.
b. Calculate the cost formula for mixed cost using the high-low method.
c. Calculate the total cost that would be incurred for the production of 16,093 units.
d. Identify the two key cost behavlor assumptions made in the calculation of your answer to part c.
Calculate the missing costs.
Note: Do not round intermediate calculations.
Production level, in units
Variable costs
Fixed costs
Mixed costs
Total costs
Complete this question by entering your answers in the tabs below.
February
10, 200
$ 29,588
?
Required C Required D
February
29,944
$ 97,824
10,200
$ 29,580
$
August
23,460
38,300
August
29,944
97,824 $ 165,715
23,460
$?
38,300
$ 165,715
< Required A
Required B >

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