Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How would I go about figuring out #2 of this problem? Thank you! Superior Company produces wooden picnic tables. Each table is constructed out of

image text in transcribed

How would I go about figuring out #2 of this problem? Thank you!

image text in transcribed

Superior Company produces wooden picnic tables. Each table is constructed out of cedar boards and sells for $500. The tables are sold out of the Company's retail store and online, directly from the manufacturer. In January, they sold 200 tables and in June they sold 1,200 tables. Below is a list of select cost information for Superior Company for tvo accounting periods: edar boards Direct labor Manufacturing OH ales Commissions ce supplies min Insurance January S60,ODO 55,000 8,000 10,300 4,100 June $360,000 105,000 48,000 10,300 4,100 NSTRUCTIONS: I) For each cost shown above, indicate whether it is fixed, variable, or ixed (3 pts). ) For the mixed cost, use the high-low method to separate the variable nd fixed portions of the cost (4 pts). ) Use your answer to (2) to write an equation that could be used to redict future total mixed costs at any production level (I pt). 4) If Superior Company produces and sells 800 tables next month, calculate total manufacturing costs (2 pt).

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

Introduction to Managerial Accounting

Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen

8th edition

1259917061, 978-1259917066

More Books

Students also viewed these Accounting questions

Question

1. Build trust and share information with others.

Answered: 1 week ago