Mears Production Carripany makes several products and sells them for an average price of $75. Mears' accountant is considering two different approaches to estimating the firm's tatal mainthly cost function, 1) account analysis, and 2) high-low. In both cases, she used units of production as the independent variable. For the account analysis approach, she developed the cost function by analyzing each cost item in February, when production was 1,850 units. The following are the results of that analysis: Cost Item Total Cost Fixed Cost Variable Cost Direct materials $8,140 $8,695 $0 $0 $8,140 sa,695 Direct labor Factory overhead $3,090 $4,625 $7,715 $6,985 $3,840 Selling expenses Administrative expenses $3,145 $0 $3,450 S3,450 Total expenses $34,985 $10,380 $24,605 For the high-low method, she developed the cost function using the data from February above and data from May, when production was 2,500 units and total costs were 144,835. After developing the two cost functions, the accountant used them to make predictions for the month of December, when production was expected to be 2,350 units. REQUIRED (ROUND UNIT COSTS TO THE NEAREST CENT AND TOTAL COSTS TO THE NEAREST DOLLARI Part A (5 tries; 5 points) 1. Using account analysis, what was the accountant's estimate of total fixed costs for December? 2. Using account analysis, what was the accountant's estimate of total variable costs for December? Submit Answer Tries 0/5 Part B (5 tries; 5 points) 1. Using the high-law method, what was the accountant's estimate of total fixed costs for December? 2. Using the high-low method, what was the accountant's estimate of variable costs sicr unit for December? Subinit Answer Tries 0/5 Threaded view. Chronological View Other Views .... Export My_general preferences on what is marked as NEW Mark NEW posts na langer new