The high-low method is used to__. The high-low method istoa) Value inventoryb) Calculate depreciationDetermine selling pricec)d) Separate mixed costsused

Explanation of High-Low Method: The high-low method is a cost accounting technique used to separate…

Answered: The high-low method is to a) Value…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 12E

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In assigning costs to goods transferred out, how do the weighted average and FIFO methods differ?
Which of the following is the correct calculation of selling price? O a. Cost + Mark-up O b. Expenses + Profit – Mark-up O c. Cost - Mark-up * Expenses O d. Expenses - Profit
Cost accounting
A) Semi-variable or semi-fixed costs (Mixed costs). These costs include both a direct of indirect component Select one: True False B ) Unexpired cost Shown in Statement of financial position ( balance sheet) Select one: True False
On a cost-volume-profit graph, when the Total Cost line is higher than the Total Revenue line, the difference represents Select one: O A. a positive return on the investment O B. a net loss O C. net income O D. not enough information is presented
1.
The difference between sales and marginal cost is______________ a. Fixed Cost b. Profit c. Sales price d. Contribution
The marginal cost of an asset is equivalent to its EUAC. True or False?
What type of cost is included in economic costs, but not included in accounting costs?a. Explicit costsb. Negative costsc. Normal profitd. Marginal coste. Unit costs
Mark up can be calculated by the formula; a. Markup = Cost + Expenses b. Markup = Cost + Profit c. Markup = Selling price + Cost d. Markup = Expenses + Profit
Explain the meaning of (A) differential revenue, (B) differential cost, and (C) differential profit (loss).

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The high-low method is to a) Value inventory b) Calculate depreciation Determine selling price c) d) Separate mixed costs used