Solve this one The following information is available for a company's costof sales over the last five months.MonthUnits sold Cost of salesJanuary 400$31,000February 800$37,000March1,600$49,000April2,400$61,000What is the estimated variable cost of sales per unit soldusing the high-low method?

Step 1: Define High-Low MethodHigh-Low Method is a method of computing the variable and fixed cost…

Answered: The following information is available…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 1PB: When prices are falling (deflation), which costing method would produce the highest gross margin for...

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Similar questions

When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
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What is the VC of Sales?
Use the high low method & provide answer
Use table information to answer
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 answer
What is the estimated variable cost of sales per unit sold using the high-low method
please solve the question with calculation
Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,532,857 $429,200 $596,111 $ 150.00 $ 42.00 $ 421,200 $852,723

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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?