The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $124,740 1,815 units February 165,770 3,400 March 194,040 5,115 Using the high-low method, determine (a) the Costs that vary in total dollar amount as the level of activity changes.variable cost per unit and (b) the total Costs that tend to remain the same in amount, regardless of variations in the level of activity.fixed cost. Round all answers to the nearest whole dollar.
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $124,740 1,815 units February 165,770 3,400 March 194,040 5,115 Using the high-low method, determine (a) the Costs that vary in total dollar amount as the level of activity changes.variable cost per unit and (b) the total Costs that tend to remain the same in amount, regardless of variations in the level of activity.fixed cost. Round all answers to the nearest whole dollar.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The
Total Costs | Units Produced | |||
January | $124,740 | 1,815 | units | |
February | 165,770 | 3,400 | ||
March | 194,040 | 5,115 |
Using the high-low method, determine (a) the Costs that vary in total dollar amount as the level of activity changes.variable cost per unit and (b) the total Costs that tend to remain the same in amount, regardless of variations in the level of activity.fixed cost. Round all answers to the nearest whole dollar.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education