Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Items 14 to 16 are based on the following information: Pure Foods wishes to analyze the fixed and variable components of the semi-variable costs.


image

Items 14 to 16 are based on the following information: Pure Foods wishes to analyze the fixed and variable components of the semi-variable costs. The following information is available: Month Units Cost (in _pesos) Month Units Cost (in pesos) January February 1,000 700 P12,000 April 800 P11,000 10,000 May 1,400 18,750 March 1,100 14,000 June 1,200 15,000 14. Using the high-low method, how much is the total fixed cost per month? 15. Using the high-low method, how much is the unit variable cost per month? 16. At an activity level of 900 units, how much is the total 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

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

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions