High-Low Method: This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows: Variable cost per unit = ( High Cost - Low Cost ) ( High units - low units ) The formula to calculate the Fixed Cost is as follows: Fixed Cost = Total cost - (Units × Variable cost per unit) Requirement-1: To show : The estimated line of cost behavior

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Answer 1

Question

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

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At the beginning of the recent period there were 1,250 units of product in a department, one-half completed. These units were finished and an additional 6,300 units were started and completed during the period. 820 units were still in process at the end of the period, one-third completed. Using the weighted-average valuation method, the equivalent units produced by the department were ___ units.

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Answer 2

Question

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Answer 6

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

Answer 7

Chapter 21, Problem 4QS

To determine

Concept Introduction:

High-Low Method:

This method is used to determine the fixed as well as variable part of the mixed cost. The formula for calculation of variable cost per unit is as follows:

$\begin{array}{l} Variable cost per unit = \frac{(High Cost - Low Cost)}{(High units - low units)} \end{array}$

The formula to calculate the Fixed Cost is as follows:

$Fixed Cost = Total cost - (Units \times Variable cost per unit)$

Requirement-1:

To show: The estimated line of cost behavior

Answer 8

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Answer 9

To determine

Requirement-2:

To calculate: The fixed and variable components of maintenance cost

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 21 - Prob. 1DQ Ch. 21 - Prob. 2DQ Ch. 21 - When output volume increases, do fixed costs per...Ch. 21 - Prob. 4DQ Ch. 21 - Prob. 5DQ Ch. 21 - Describe the contribution margin ratio in...Ch. 21 - Prob. 7DQ Ch. 21 - Prob. 8DQ Ch. 21 - Prob. 9DQ Ch. 21 - Prob. 10DQ

Requirement-2: To calculate: The fixed and variable components of maintenance cost

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Chapter 21 Solutions

Requirement-2:

To calculate: The fixed and variable components of maintenance cost