Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixed costs, are a

A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity:

Activity level in units 4,000
Variable costs $ 8,200
Fixed costs 32,000
Mixed costs 14,710
Total costs $ 54,910

During July, the activity level was 9,800 units, and the total costs incurred were $68,000.

Required:

  1. Calculate the variable costs, fixed costs, and mixed costs incurred during July.
  2. Use the highlow method to calculate the cost formula for mixed cost.

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_2

Step: 3

blur-text-image_3

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

Accounting For Non Accounting Students

Authors: John Dyson, Ellie Franklin

10th Edition

1292286938, 9781292286938

More Books

Students also viewed these Accounting questions

Question

What do you plan on doing upon receiving your graduate degree?

Answered: 1 week ago

Question

Who will receive the final evaluation?

Answered: 1 week ago