The following data pertain to activity and utilities costs for two recent years:Activity Level in UnitsUtilities CostMultiple Choice5075 per unit$1.50 per unitUsing the high-low method, what is the variable cost per unit for utilities?$125 per unitYear 2$133 per unit12,000$15,000Year 18,000$12,000

VARIABLE COST Variable Cost is a cost that varies with the level of output.variable costs include…

Answered: The following data pertain to activity…

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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Whirly Corporation's contribution format income statement for the most recent month is shown below: Per Unit $31.00 18.00 $ 13.00 Sales (8,600 units) Variable expenses Contribution, margin Fixed expenses Net operating income Total $ 266,600 154,800 111,800 Required: (Consider each case independently): 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income 56,000 $ 55,800 1. What would be the revised net operating income per month if the sales volume increases by 90 units? 2. What would be the revised net operating income per month if the sales volume decreases by 90 units? 3. What would be the revised net operating income per month if the sales volume is.7,600 units?
provide the variable cost per unit
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The following data pertain to activity and utilities costs for two recent years: Activity Level in Units Utilities Cost Multiple Choice $0.75 per unit Year 2 $1.50 per unit 12.000 $15,000 Using the high-low method, what is the variable cost per unit for utilities? Year 1 8,000 $12,000