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The following information is available for a company's maintenance cost over the last seven months. Units Produced 100 190 110 140 200 230 50 Month June July August September 6,830 October 8,750 November 9,710 December 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 5,550 8,430 5,870 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced

The following information is available for a company's maintenance cost over the last seven months. Units Produced 100 190 110 140 200 230 50 Month June July August September 6,830 October 8,750 November 9,710 December 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 5,550 8,430 5,870 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced

FINANCIAL ACCOUNTING
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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Dd.102.

Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs
Transcribed Image Text:Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs
The following information is available for a company's maintenance cost over the last seven months, Units Produced 100 190 110 140 200 230 50 Month June July August September 6,830 October 8,750 November 9,710 December 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 5,550 8,430 5,870 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced
Transcribed Image Text:The following information is available for a company's maintenance cost over the last seven months, Units Produced 100 190 110 140 200 230 50 Month June July August September 6,830 October 8,750 November 9,710 December 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 5,550 8,430 5,870 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced
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