Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Harlan Gravity Grips produces spiker sets for track shoes. CEO Brittany Harlan has gathered the following information about the company's sales volume and marketing cost

image text in transcribed
image text in transcribed
image text in transcribed
Harlan Gravity Grips produces spiker sets for track shoes. CEO Brittany Harlan has gathered the following information about the company's sales volume and marketing cost for the past six months Sales Volume Total Marketing Costs January 64,500 58.265 February 48.400 $6,605 March 69.800 58420 April 74,600 58.635 May 67,300 $8.180 June 76.900 $8.885 Machine Hours $ High point 76900 $ 8885 Low point 48400 $ 6605 Using the high-low method.compute the variable marketing cost per spile set. (Round unit cost to 2 decimal places, s. 52,75) Variable marketing cost 0.08 - per spike set sold Compute the total fixed marketing cost. (For computation puposes round variable cost to 2 decimal places, es 15.25 and final answer to O decmial places, eg. 5.275.) $ Fixed marketing 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

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

The Routledge Companion To Fair Value In Accounting

Authors: Gilad Livne

1st Edition

0367656132, 9780367656133

More Books

Students also viewed these Accounting questions

Question

Discuss how selfesteem is developed.

Answered: 1 week ago