Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months.JulyAugustSeptemberOctoberNovemberDecember(a1)Units ProducedSave for Later(a2)19,42034,528Total fixed costs38,84423,738Variable cost per unit $6743,16041,002eTextbook and MediaTotal Maintenance CostsCompute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.)un$47.14951,79259,34548,15080,38566,898Compute the fixed costs using the high-low method for this mixed cost.Assistance UsedAttempts: 0 of 5 usedSubmit Answer

Name: Wildhorse Corp. has collected the following data concerning its maint
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Description: Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months.JulyAugustSeptemberOctoberNovemberDecember(a1)Units ProducedSave for Later(a2)19,42034,528Total fixed costs38,84423,738Variable cost per unit $67

Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

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Accounting

Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months. July August September October November December (a1) Units Produced Save for Later (a2) 19,420 34,528 38,844 23,738 Total fixed costs $ 43,160 Variable cost per unit $ 41,002 eTextbook and Media Total Maintenance Costs $47,149 51,792 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) 59,345 48,150 80,385 66,898 Compute the fixed costs using the high-low method for this mixed cost. Assistance Used Attempts: 0 of 5 used Submit Answer

Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months. July August September October November December (a1) Units Produced Save for Later (a2) 19,420 34,528 38,844 23,738 Total fixed costs $ 43,160 Variable cost per unit $ 41,002 eTextbook and Media Total Maintenance Costs $47,149 51,792 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) 59,345 48,150 80,385 66,898 Compute the fixed costs using the high-low method for this mixed cost. Assistance Used Attempts: 0 of 5 used Submit Answer

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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Subject: accounting
The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year Machine Hours 18,000 6,000 Busiest month (June) Slowest month (December) What are the direct labor costs per machine hour? Multiple Choice $21.50 $17.25 Direct Labor Costs $285,000 $129,000
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