FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

High-Low Method The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $124,200 750 units February

image text in transcribed
High-Low Method The manufacturing costs of Erin Industries for three months of the year are provided below. Total Costs Production January $124,200 750 units February 161,870 1,410 March 193,200 2,250 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar a. Variable cost per unit b. Total fixed 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

Auditing An International Approach

Auditing An International Approach

Authors: Wally J. Smieliauskas, Kathryn Bewley

6th edition

978-0070968295, 9781259087462, 978-0071051415

More Books

Students also viewed these Accounting questions

Question

★★★★★
At the beginning of a period a company predicts total direct materials costs of $ 900,000 and total overhead costs of $ 1,170,000. If the company uses direct materials costs as its activity base to...

Answered: 1 week ago

Question

★★★★★
Tom Wilson, president of the local chapter of Business Leaders of the Future, is interested in becoming the national president of the organization. He has asked you to write a letter recommending him...

Answered: 1 week ago

Question

★★★★★
1. Explain the law of demand. Why does a demand curve slope downward? How is a market demand curve derived from individual demand curves? LO3.2

Answered: 1 week ago

Question

★★★★★
You wrote a piece of soft ware that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your soft ware...

Answered: 1 week ago

Question

★★★★★
43 The market portfolio assumes A) only the most efficient security is included. B) at least 10 securities are included for diversification. C) all securities are included. D) only efficient...

Answered: 1 week ago

Question

★★★★★
In 2014, when asked if he believes homosexuality is a disorder, then-Texas Governor Rick Perry said the following: "Whether or not you feel compelled to follow a particular lifestyle or not, you have...

Answered: 1 week ago

Question

★★★★★
If the row variable and column variable are interchanged, how are the expected frequencies affected? Is the value of the chi-square statistic affected? Is the number of degrees of freedom affected?

Answered: 1 week ago

Question

★★★★★
The position of a person pacing in a hall is given by the \(x(t)\) curve in Figure P3.6. During which time interval(s) is the acceleration (a) positive (b) negative? (c) Is the acceleration ever zero...

Answered: 1 week ago

Question

★★★★★
For the circuit shown in Fig. 12-47, (a) Obtain the voltage transfer function Hu(w) (b) Find the frequency at which the function is real. + V ww R R Fig. 12-47 F V

Answered: 1 week ago

Question

★★★★★
Write the phasor equation for the single-loop, coupled circuit shown in Fig. 14-38. j5 . | 1 k = 0.65 10 0 50/0 V j3 K -j8 .

Answered: 1 week ago

Question

★★★★★
From the following data for a particular period, compute sales and profit variances: Budgeted sales: Actual sales: X, 3,000 units @ Y, 2,000 units @ X, 4,000 units @ Y, 2,500 units @ 20 (standard...

Answered: 1 week ago

Question

★★★★★
8-27. MESSAGE STRATEGIES: REJECTING SUGGESTIONS AND PROPOSALS; COMMUNICATION ETHICS: MAKING ETHICAL CHOICES [LO-5] Knowing how much online product reviews can shape consumer behaviour, the other...

Answered: 1 week ago

Question

★★★★★
8-30. MESSAGE STRATEGIES: MAKING NEGATIVE ANNOUNCEMENTS [LO-4] You can certainly sympathize with employees when they complain about having their email and instant messages monitored, but youre...

Answered: 1 week ago

Question

★★★★★
8-22. MESSAGE STRATEGIES: REFUSING ROUTINE REQUESTS [LO-4] Read the following document and (a) analyze the strengths and weaknesses of each sentence and (b) revise the message so that it follows this...

Answered: 1 week ago

Previous Question Next Question