Using the high-low method, calculate Adams Company's total expected cost for October.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Adams Company makes a single product that it sells
for $8.45 per unit. Provided below is information
about this product for the past nine months:
Month
January
February
March
April
May
June
July
August
September
Total Cost Incurred
$28,730
$24,580
$30,660
$16,890
$19,120
$20,610
$17,490
$25,380
$15,540
Units Sold
6,400
5,150
6,900
2,950
3,600
4,150
3,350
5,500
2,700
Adams Company expects to sell 4,620 units of this
product during October..
Using the high-low method, calculate Adams Company's
total expected cost for October.
Transcribed Image Text:Adams Company makes a single product that it sells for $8.45 per unit. Provided below is information about this product for the past nine months: Month January February March April May June July August September Total Cost Incurred $28,730 $24,580 $30,660 $16,890 $19,120 $20,610 $17,490 $25,380 $15,540 Units Sold 6,400 5,150 6,900 2,950 3,600 4,150 3,350 5,500 2,700 Adams Company expects to sell 4,620 units of this product during October.. Using the high-low method, calculate Adams Company's total expected cost for October.
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