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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.

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 3P: Scattergraph method Using the data in P4-2 and a piece of graph paper: 1. Plot the data points on...
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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 >
Transcribed Image Text: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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