Cost Volume Profit (CVP) Analysis: The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit. High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected. The formula that is used here is- Variable cost per unit = (High Price- Low price)/ (Change in no. of units) Requirement-1: To Calculate: The Variable cost per unit and Total Fixed Costs using the high low method

Question

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Answer 1

Question

Chapter 21, Problem 2PSB

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-1:

To Calculate:

The Variable cost per unit and Total Fixed Costs using the high low method

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-2:

To Calculate:

The total cost at the given level of units

Expert Solution & Answer

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Sequoia Resorts pays $780,000 plus $17,500 in closing costs to buy out a competitor. The real estate consists of land appraised at $95,000, a building appraised at $342,000, and recreational equipment appraised at $398,000. Compute the cost that should be allocated to the building.

Answer 2

Question

Chapter 21, Problem 2PSB

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-1:

To Calculate:

The Variable cost per unit and Total Fixed Costs using the high low method

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-2:

To Calculate:

The total cost at the given level of units

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 21, Problem 2PSB

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-1:

To Calculate:

The Variable cost per unit and Total Fixed Costs using the high low method

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-2:

To Calculate:

The total cost at the given level of units

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 21, Problem 2PSB

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-1:

To Calculate:

The Variable cost per unit and Total Fixed Costs using the high low method

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-2:

To Calculate:

The total cost at the given level of units

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 21, Problem 2PSB

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-1:

To Calculate:

The Variable cost per unit and Total Fixed Costs using the high low method

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-2:

To Calculate:

The total cost at the given level of units

Answer 6

Chapter 21, Problem 2PSB

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-1:

To Calculate:

The Variable cost per unit and Total Fixed Costs using the high low method

Answer 7

Chapter 21, Problem 2PSB

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-1:

To Calculate:

The Variable cost per unit and Total Fixed Costs using the high low method

Answer 8

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-2:

To Calculate:

The total cost at the given level of units

Answer 9

To determine

Concept Introduction:

Cost Volume Profit (CVP) Analysis:

The Cost Volume Profit analysis is the analysis of the relation between cost, volume, and profit of a product. It analyzes the cost and profits at the different level of production, in order to determine the breakeven point and required the level of sales to earn the desired profit.

High-low method involves finding out the variable cost for a company using highest price and lowest price within a range of period for which the data is collected.

The formula that is used here is-

Variable cost per unit = (High Price- Low price)/ (Change in no. of units)

Requirement-2:

To Calculate:

The total cost at the given level of units

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 21 - Cost behavior identification C1 Listed here are...Ch. 21 - QS 21-2 Cost behavior identification c1 ...Ch. 21 - QS 21-3 Cost behavior estimation—high-low method...Ch. 21 - Prob. 4QS Ch. 21 - Prob. 5QS Ch. 21 - Prob. 6QS Ch. 21 - Prob. 7QS Ch. 21 - Prob. 8QS Ch. 21 - Prob. 9QS Ch. 21 - Prob. 10QS

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Chapter 21 Solutions