Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In Swifty, maintenance costs are a mixed cost. At the low level of activity ( 9 0 direct labor hours ) , maintenance costs are

image text in transcribed
In Swifty, maintenance costs are a mixed cost. At the low level of activity (90 direct labor hours), maintenance costs are $900. At the high level of activity (500 direct labor hours), maintenance costs are $2750. Using the high-low method, what is the unit variable costs and the total fixed cost for maintenance? (Round variable cost per unit to 2 decimal places.)
Variable Cost Per Unit
Total Fixed Cost
$5.50
$248
$4.51,$1850
$5.50
$2250
$4.51
$495
image text in transcribed

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

Managerial Accounting

Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle

2nd edition

1118385381, 978-1118385388

More Books

Students also viewed these Accounting questions

Question

Describe the tax treatment of partnership distributions.

Answered: 1 week ago