Fixed Costs: The fixed costs refer to those costs, which do remain constant with respect to the output. The fixed costs do not vary with the output. The expenses like the depreciation , taxes, and interest expenses come under the fixed costs. Variable Costs: The variable costs refer to the costs which vary with respect to the output. The variable costs include the commission, the freight charges, and the direct materials. Total cost: The total cost is the sum of variable cost and fixed cost. It is the total of all the costs that are incurred in order to run a business. To determine: The variable and fixed cost elements by high-low method.

Question

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Answer 1

Question

Chapter 22, Problem 22.2DIE

(a)

To determine

Fixed Costs: The fixed costs refer to those costs, which do remain constant with respect to the output. The fixed costs do not vary with the output. The expenses like the depreciation, taxes, and interest expenses come under the fixed costs.

Variable Costs: The variable costs refer to the costs which vary with respect to the output. The variable costs include the commission, the freight charges, and the direct materials.

Total cost: The total cost is the sum of variable cost and fixed cost. It is the total of all the costs that are incurred in order to run a business.

To determine: The variable and fixed cost elements by high-low method.

(b)

To determine

The total cost if the company produces 9,200 units.

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Answer 2

Question

Chapter 22, Problem 22.2DIE

(a)

To determine

Fixed Costs: The fixed costs refer to those costs, which do remain constant with respect to the output. The fixed costs do not vary with the output. The expenses like the depreciation, taxes, and interest expenses come under the fixed costs.

Variable Costs: The variable costs refer to the costs which vary with respect to the output. The variable costs include the commission, the freight charges, and the direct materials.

Total cost: The total cost is the sum of variable cost and fixed cost. It is the total of all the costs that are incurred in order to run a business.

To determine: The variable and fixed cost elements by high-low method.

(b)

To determine

The total cost if the company produces 9,200 units.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 22, Problem 22.2DIE

(a)

To determine

Fixed Costs: The fixed costs refer to those costs, which do remain constant with respect to the output. The fixed costs do not vary with the output. The expenses like the depreciation, taxes, and interest expenses come under the fixed costs.

Variable Costs: The variable costs refer to the costs which vary with respect to the output. The variable costs include the commission, the freight charges, and the direct materials.

Total cost: The total cost is the sum of variable cost and fixed cost. It is the total of all the costs that are incurred in order to run a business.

To determine: The variable and fixed cost elements by high-low method.

(b)

To determine

The total cost if the company produces 9,200 units.

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 22, Problem 22.2DIE

(a)

To determine

Fixed Costs: The fixed costs refer to those costs, which do remain constant with respect to the output. The fixed costs do not vary with the output. The expenses like the depreciation, taxes, and interest expenses come under the fixed costs.

Variable Costs: The variable costs refer to the costs which vary with respect to the output. The variable costs include the commission, the freight charges, and the direct materials.

Total cost: The total cost is the sum of variable cost and fixed cost. It is the total of all the costs that are incurred in order to run a business.

To determine: The variable and fixed cost elements by high-low method.

(b)

To determine

The total cost if the company produces 9,200 units.

Expert Solution & Answer

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Answer 5

Chapter 22, Problem 22.2DIE

(a)

To determine

Fixed Costs: The fixed costs refer to those costs, which do remain constant with respect to the output. The fixed costs do not vary with the output. The expenses like the depreciation, taxes, and interest expenses come under the fixed costs.

Variable Costs: The variable costs refer to the costs which vary with respect to the output. The variable costs include the commission, the freight charges, and the direct materials.

Total cost: The total cost is the sum of variable cost and fixed cost. It is the total of all the costs that are incurred in order to run a business.

To determine: The variable and fixed cost elements by high-low method.

(b)

To determine

The total cost if the company produces 9,200 units.

Answer 6

Chapter 22, Problem 22.2DIE

(a)

To determine

Fixed Costs: The fixed costs refer to those costs, which do remain constant with respect to the output. The fixed costs do not vary with the output. The expenses like the depreciation, taxes, and interest expenses come under the fixed costs.

Variable Costs: The variable costs refer to the costs which vary with respect to the output. The variable costs include the commission, the freight charges, and the direct materials.

Total cost: The total cost is the sum of variable cost and fixed cost. It is the total of all the costs that are incurred in order to run a business.

To determine: The variable and fixed cost elements by high-low method.

Answer 7

Chapter 22, Problem 22.2DIE

(a)

To determine

Fixed Costs: The fixed costs refer to those costs, which do remain constant with respect to the output. The fixed costs do not vary with the output. The expenses like the depreciation, taxes, and interest expenses come under the fixed costs.

Variable Costs: The variable costs refer to the costs which vary with respect to the output. The variable costs include the commission, the freight charges, and the direct materials.

Total cost: The total cost is the sum of variable cost and fixed cost. It is the total of all the costs that are incurred in order to run a business.

To determine: The variable and fixed cost elements by high-low method.

Answer 8

(b)

To determine

The total cost if the company produces 9,200 units.

Answer 9

(b)

To determine

The total cost if the company produces 9,200 units.

Answer 10

Expert Solution & Answer

Answer 11

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Answer 12

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Answer 13

Ch. 22 - Prob. 1Q Ch. 22 - Prob. 2Q Ch. 22 - Prob. 3Q Ch. 22 - Prob. 4Q Ch. 22 - Prob. 5Q Ch. 22 - Prob. 6Q Ch. 22 - Prob. 7Q Ch. 22 - Prob. 8Q Ch. 22 - 9. “Cost-volume-profit (CVP) analysis is based...Ch. 22 - Prob. 10Q

The total cost if the company produces 9,200 units.

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Chapter 22 Solutions