Amanda Company accumulates the following data concerning a mixed cost, using units produced as the activity level.
Question:
Amanda Company accumulates the following data concerning a mixed cost, using units produced as the activity level.
(a) Compute the variable and fixed cost elements using the high-low method.(b) Estimate the total cost if the company produces 8,500units.
Transcribed Image Text:
Units Produced Total Cost $18,000 16,650 18,750 16,200 17,100 March April May 10,000 9,000 10,500 June July 9,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
a Variable cost 18750 16200 10500 880...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Deines Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute the variable and fixed cost elements using the high-low method. Miles Driven 8,000...
-
Colter Company accumulates the following data concerning a mixed cost, using units produced as the activity level. (a) Compute the variable and fixed cost elements using the high-low method. (b)...
-
Mace Company accumulates the following data concerning a mixed cost, using miles as the activity level. Compute the variable and fixed cost elements using the high-lowmethod. Miles Driven 10.000...
-
Given the following set of slope staking notes: C Sta 51+00 50+00 49+00 L CX 33.4 F 9.1 33.6. F 10.3 35.4 C 5.5 0.0 F 3.5 R C 3.2 X C 4.1 30.2 0.0 20.0 Bases Base for cut=48 ft Base for fill= 40 ft s...
-
Collins Ltd. has these transactions related to intangible assets and goodwill in 2018, its first year of operations: Jan. 2 Purchased a patent with an estimated useful life of five years for $40,000....
-
The inner and outer glasses of a 2-m 3 2-m double pane window are at 188C and 68C, respectively. If the 1-cm space between the two glasses is filled with still air, determine the rate of heat...
-
Earnings per share is not computed for a. Net income b. Comprehensive income c. Discontinued operations d. Extraordinary items
-
Singleton Sports Products, which uses the perpetual inventory system, has the following account balances (in alphabetical order) on August 31, 2017: Accounts Payable...
-
Problem #2 - special order. Your per unit cost structure for "Happiness" is shown below. A new company which has never purchased from you before approaches you and offers to buy 10,000 units of...
-
The town of Hillside has a surface reservoir that supplies water to the homes in the towns central residential district. A committee of residents is concerned about the systems capacity and wants to...
-
Montana Company reports the following total costs at two levels of production. Classify each cost as variable, fixed, or mixed. 5,000 Units 10,000 Units Indirect labor Property taxes Direct labor...
-
Vince Company has a unit selling price of $250, variable cost per unit of $160, and fixed costs of $135,000. Compute the breakeven point in units using (a) A mathematical equation and (b)...
-
1. How can organizations create value by implementing an advanced information system solution paired with the appropriate business model? 2. What is social CRM? Why are some organizations hesitant to...
-
The gas phase conversion of A to B, AB is thought to proceed in one of two ways. The first being unimolecular and gives a first order reaction. The second, being bimolecular giving a second order...
-
write/develop and show the content of a database called Vacinnations.db available at covid-19 vaccination database available at...
-
The flash on a camera is provided by a capacitor discharging through a flashlamp. Suppose in your camera the capacitor is charged by a 9.00 V battery, and the discharge takes 6.10 s. If the average...
-
ROME builds upon the BEAR and asks students to assess the import and export prospects for MES-Sim regarding the target market. The critical issue here is whether MES-Sim can effectively conduct...
-
How can the structural family theory help in family conflict resolution ?
-
What do you think will be the consequences of your coworkers actions?
-
What are the before image (BFIM) and after image (AFIM) of a data item? What is the difference between in-place updating and shadowing, with respect to their handling of BFIM and AFIM?
-
Determine the rms fault currents on both sides of a 100-kVA, single-phase, 460/120-V transformer with 6% impedance as shown in the following figure. Assume the generator bus infinite and all cable...
-
Rush Company budgeted that it would incur $180,000 of manufacturing overhead costs in the upcoming period. By the end of the period, Rush had actually incurred manufacturing overhead costs totaling...
-
Fenwick Corporations manufacturing and finished goods warehouse facilities burned to the ground on January 31. The loss was fully covered by insurance. The insurance company wanted to know the cost...
-
Fenwick Corporations manufacturing and finished goods warehouse facilities burned to the ground on January 31. The loss was fully covered by insurance. The insurance company wanted to know the cost...
-
Example of constructive feedback on healthy-conflict response. Regarding staff cutting in a company . As part of your feedback, identify at least two leadership or professional communication skills...
-
Working Across Languages Option - Explain three strategic reasons why an organization supports a culturally diverse workforce and setting. Describe a minimum of three examples of cultural diversity...
-
Joan Leikvold was hired by Valley View Community Hospital as an operating room supervisor in 1972. She did not have a contract for a specific duration, nor was she told that the hospital would not...
Study smarter with the SolutionInn App