Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,400     $302,400   2,740     425,040   4,200     470,400   a.  Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank 1 per unit Total fixed cost: $fill in the blank 2 b.  Based on part (a), estimate the total cost for 2,020 units of production. Total cost for 2,020 units: $fill in the blank 3

Q: Use the following information for the next 2 questions (8 & 9). Division X produces and sells a…

A: The price which is used by various departments in an organization in their transactions is said to…

Q: Abdulwahab Corporation is estimating the cost function for total cost of production of product A…

A: Variable cost is the cost which changes with change in production volume and fixed cost is the cost…

Q: -Sunland Corporation produces microwave units. The following per-unit cost information is available:…

A: The variable cost per unit comprises direct materials, direct labor and variable manufacturing…

Q: Wheeler Company can produce a product that incurs the following costs per unit: direct materials,…

A: The differential analysis is performed to compare the different alternatives available with the…

Q: If you have the following cost equation Y = 3000 + 10 X units produced 1500 units . The total fixed…

A: Given: Y=3000+10 Y Units produced =1500 units

Q: Morales Corporation produces microwave ovens. The following per unit cost information is available:…

A: The value that a participant adds to the cost price of a product is referred to as the mark up for…

Q: Help answer the parts of the question. 1a. For financial accounting purposes, what is the total…

A: 1a) Total Product CostsWhen we say product cost, these include the direct and indirect manufacturing…

Q: break-even units,

A: Weighted average contribution margin = (Contribution margin of Product A * Weight of Product A) +…

Q: Flint Corporation produces microwave ovens. The following unit cost information is available: direct…

A: Given information, Direct materials = $33Direct labor = $29Variable manufacturing overhead =…

Q: Have assembled the following data för the most recent year. The actual cost of inputs, their…

A: Since the student has specifically asked for cost of material and labour per unit to be calculated,…

Q: Sierra Company produces its product at a total cost of $100 per unit. Of this amount, $30 per unit…

A: The markup amount is the excess amount charged from customers as compared to base cost for the…

Q: Schuman Corporation produces microwave units. The following per-unit cost information is available:…

A: Absorption costing is one of important costing system being used in business. As per this system,…

Q: Using the following data, apply the high-low method of cost analysis to the three cost data groups:…

A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…

Q: on (d) t- ntity (g cer repc

A: you have posted a question with multiple sub-parts, we will solve first three sub-parts for you. To…

Q: If variable manufacturing costs are $8 per unit and total fixed manufacturing costs are $185,000,…

A: Absorption costing method is a method of costing in which product cost is calculated by adding…

Q: Calculate the unit product cost using absorption costing and variable costing when production is 200…

A: Product cost refers to the cost incurred in factory for manufacturing the goods. Under Absorption…

Q: Croftsman Company recorded the following information for its main product: Selling price per unit…

A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Q: Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing.…

A: Lets understand the basics.Cost of the product includes all the cost i.e. variable as well as fixed.…

Q: The unit selling price, variable cost per unit, and contribution margin per unit for the company's…

A: Breakeven sales is the level of sales at which the organisation is at no profit no loss situation.…

Q: GL produces and sells single product with a standard quality. An analysis of its costing records…

A: Break-even point in units:= Fixed cost / (Selling price per unit - Variable cost per unit)= 120,000…

Q: Compute the variable- and fixed-cost elements using the high-low method.Single line text.

A: The high-low costing method follows the rule of computing with the highest and lowest activity level…

Q: Campbell Manufacturing Company established the following standard price and cost data:…

A: Flexible budget is the statement prepared to estimate the costs and revenues. The difference between…

Q: Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing.…

A: MARKUP PERCENTAGE Markup Percentage is Computed :—  = (Profit ÷ Cost) * 100 Markup percentage is a…

Q: The Connors Company has assembled the following data pertaining to certain costs that cannot be…

A: Variable cost per unit=Highest Activity Cost-Lowest Activity CostHighest Activity Units-Lowest…

Q: If variable manufacturing costs are $8 per unit and total fixed manufacturing costs are $616,000,…

A: Variable costing: The variable costing method considers only variable overheads while computing the…

Q: Determine whether each of the following is best described as a fixed, variable, mixed, step-wise, or…

A: A cost is a consumption required to create or offer an item or get an asset prepared for typical…

Q: Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are…

A: The question is related to the Revenue function. Revenue - Cost = Profit

Q: Wess Company has limited capacity and can produce either its standard product or its deluxe product.…

A: Product cost :— It is the sum of direct material, direct labor and manufacturing overhead. Gross…

Q: Need Help

A: Profit from selling Product J (as is):Selling price of Product J = $23.00 per poundProduction cost…

Q: Monty Corporation produces microwave ovens. The following unit cost information is available: direct…

A: Step 1:Computation of the total cost per unit using the total-cost approach:Direct…

Q: Required Determine the total fixed cost per unit of production, assuming that Solomon produces…

A:

Q: Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $26,450 at its…

A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…

Q: loryn Instruments Co. developed the following regression equations to indicate costs at various…

A: Total production costs are the costs incurred for the production or manufacture of the goods.

Q: If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $626,400,…

A: Manufacturing cost per unit (absorption costing concept) = variable manufacturing costs + (total…

Q: Windhoek Manufacturers produces two products, Amber and Black. The following cost estimates have…

A: Throughput accounting gives managers information which helps them in making the decisions that will…

Q: Bramble Corporation produces microwave ovens. The following unit cost information is available:…

A: The value that a participant adds to the cost price of a product is referred to as the mark up for…

Q: Suppose that the total cost to produce 200 units of a consumer item is C(200) = $3,315 and that the…

A: Total costs is the combination of fixed costs and variable costs (marginal costs)

Q: (Click on the icon to view the cost data.) (Click on the icon to view the unit product cost data.)…

A: Absorption Costing- Absorption costing is a method of cost accounting for calculating a product's…

Q: Alfaro company provided the following data for its three products' selling price, variable cost, and…

A: Weighted average contribution margin = (Contribution margin from Product A x sales mix) +…

Q: x Your answer is incorrect. Ivanhoe Corporation produces microwave units. The following per-unit…

A: ABSORPTION COSTINGAbsorption Costing is a Cost Management Accounting method in which all costs…

Q: Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and…

A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…

Q: Carla Vista Company has a unit selling price of $384, unit variable costs of $254, and fixed costs…

A: Break even point :— It is the point of production where total cost is equal to total revenue. At…

Q: The JAG Company has assembled the following data pertaining to certain costs that cannot be easily…

A: High-low Methoda) Let's start by computing the variable cost per hour. We get the difference between…

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.