Question
1.)Markowis Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January
1.)Markowis Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Driven Total Cost January 7,920 $13,004 March 8,480 $13,324 February 7,500 12,050 April 8,240 13,174 Compute the variable and fixed cost elements using the high-low method. (Round variable costs to 2 decimal places, e.g. 10.50 and the other answer to 0 decimal places, e.g. 125.) Variable costs per mile $ ? Fixed costs $ ? 2.)Briggs Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 18,090 $38,132 August 31,960 44,672 September 35,990 48,432 October 22,050 40,822 November 39,960 77,498 December 37,920 74,808 Compute the fixed and variable cost elements using the high-low method. (Round variable cost to 2 decimal places, e.g. 10.50 and the other answer to 0 decimal places, e.g. 125.) Variable cost per unit $ ? Fixed cost $ ? 3.)Astoria Company has a unit selling price of $566, variable costs per unit of $323, and fixed costs of $194,886. Compute the break-even point in units using the (a) mathematical equation and (b) contribution margin per unit. BEP using the Mathematical equation?_______ units BEP using the Contribution margin per unit?_____ units
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