Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a

image text in transcribed

A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: 4,500 Activity level in units Variable costs Fixed costs Mixed costs $ 8,550 32,000 16,480 $57,030 Total costs During October, the activity level was 9,800 units, and the total costs incurred were $69,000. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during October. Answer is complete and correct. October Variable cost Fixed cost Mixed cost $ 18,620 $ 32,000 $ 18,380 b. Use the high-low method to calculate the cost formula for mixed cost. (Do not round intermediate calculations and round your answers to 2 decimal places.) Answer is complete but not entirely correct. $ Cost formula $ 0.36 per 72,528.00% + unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Coping With Financial Accounting 1 For Senior Secondary Schools And Undergraduate Studies

Authors: Festus Chukwunwendu Akpotohwo ,Stella Alfred-Jaja Wellington-Igonibo ,Cletus Ogeibiri

1st Edition

3659611034, 978-3659611032

More Books

Students also viewed these Accounting questions

Question

What is American Polity and Governance ?

Answered: 1 week ago

Question

What is Constitution, Political System and Public Policy? In India

Answered: 1 week ago

Question

What is Environment and Ecology? Explain with examples

Answered: 1 week ago

Question

Are my points each supported by at least two subpoints?

Answered: 1 week ago