1.
Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.
To prepare: Scatter-graph of months and total shipping expense.
2.
Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.
To express: The variable and fixed cost in the form of
3.
Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.
To express: The variable and fixed cost in the form of
4.
Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.
To express: The variable and fixed cost in the form of
Want to see the full answer?
Check out a sample textbook solution
Chapter 2A Solutions
MANAGERIAL ACCOUNTING F/MGRS.
- Correct Answerarrow_forwardProvide correct answer?arrow_forwardGreenfield Industries sells a product for $80 per unit. Variable costs per unit are $50, and monthly fixed costs are $400,000. What unit sales would be required to earn a target profit of $260,000? a) 18,000 units b) 22,000 units c) 21,000 units d) 19,000 unitsarrow_forward
- Total overhead variance isarrow_forwardThe UPS Manufacturing Company has a predetermined overhead rate of $10, comprised of a variable overhead rate of $6 and a fixed rate of $4. The amount of budgeted overhead costs at normal capacity of $300,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $10. Actual overhead for July was $18,600 variable and $12,500 fixed, and standard hours allowed for the product produced in July was 3,500 hours. The total overhead variance is__.arrow_forward4 POINTSarrow_forward
Pkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE L
Survey of Accounting (Accounting I)AccountingISBN:9781305961883Author:Carl WarrenPublisher:Cengage Learning