Cost Accounting (15th Edition)
Cost Accounting (15th Edition)
15th Edition
ISBN: 9780133428704
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Chapter 16, Problem 16.16E

1.

a.

To determine

To compute: Cost of the special shipment destroyed in July 2014.

Given information:

Joint cost of production is $50.

b.

To determine

To compute: Cost of the special shipment destroyed.

Given information:

Joint cost of production is $50.

2.

To determine

To identify: Differences in the results of requirement 1 and 2.

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Lumen Products, which uses the high-low method, had total costs of $32,000 at its lowest level of activity when 6,000 units were sold. At its highest level of activity, total costs were $50,000 when 11,000 units were sold. Lumen would estimate fixed costs as _. Need Answer
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