What is the estimated variable cost of sales per unit sold using the high-low method The following information is available for a company's cost of salesover the last five months.MonthUnits sold Cost of salesJanuary 400$31,000February 800$37,000March 1,600$49,000April2,400$61,000What is the estimated variable cost of sales per unit sold using thehigh-low method?

Concept of High-Low MethodThe high-low method is a simple cost estimation technique used to separate…

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 1PA: When prices are rising (inflation), which costing method would produce the highest value for gross...

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Similar questions

When prices are falling (deflation), which costing method would produce the highest gross margin for the following? Choose first-in, first-out (FIFO); last-in, first-out (LIFO); or weighted average, assuming that B62 Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming B62 sold just one unit of these goods for $400. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What is the cost formula for monthly shipping cost? Identify the independent variable, the dependent variable, the fixed cost per month, and the variable rate.
The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000
West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.
What is the VC of Sales?
Use table information to answer
Please give me answer
Use the high low method & provide answer
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what is the dollar sales to attain that target profit is closest to Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 150.00 $ 42.00 $421,200 He Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your i calculations to 2 decimal places.)
Please give me true answer this general accounting question
What was the sales price per unit?

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The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales January 400 $31,000 February 800 $37,000 March 1,600 $49,000 April 2,400 $61,000 What is the estimated variable cost of sales per unit sold using the high-low method?