Need some assistant because I just cannot get the answer for volume at the low point I put 1000 and it show incorrect.
Here is the question:
Required information
Use the following information for the Exercises below. (Algo)
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[The following information applies to the questions displayed below.]
Felix & Company reports the following information.
PeriodUnits ProducedTotal Costs11,100$ 10,02021,20010,64031,30011,24041,50012,44051,0009,40061,70013,64071,60013,04081,90014,84092,40017,800102,10016,040
Exercise 21-5 (Algo) Measuring costs using high-low method LO P1
(1)Use the high-low method to estimate the fixed and variable components of total costs.
(2)Estimate total costs if 1,620 units are produced.
Question 4 - Ch 21: Homework - X 9 New Tab X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fsalemu.blackboard.com%252Fwebapps%252Fblac.. D Paused i: Apps G Gmail YouTube 9 Maps Reading list Ch 21: Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 4 Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below.] Felix & Company reports the following information. 1.47 points period Units Produced Total Costs 1, 100 $ 10,020 1, 200 10, 640 1, 300 11, 240 1, 500 12, 440 5 1, 000 9, 400 6 1, 700 13, 640 7 1, 600 13, 040 8 1, 900 14, 840 9 2, 400 17 , 800 10 2, 100 16,040 Exercise 21-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 1,620 units are produced. Mc Graw Hill Type here to search O oy 5:50 AM m 81'F A 07/31/21 EQuestion 4 - Ch 21: Homework - X 9 New Tab X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fsalemu.blackboard.com%252Fwebapps%252Fblac.. D Paused i: Apps G Gmail YouTube 9 Maps Reading list Ch 21: Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 4 Required information 1.47 x Answer is complete but not entirely correct. points High-Low method - Calculation of variable cost per unit Cost at high point minus cost at low point 8,400 Variable cost per unit $ = 6.00 Volume at high point minus volume at low point 1,400 High-Low method - Calculation of fixed costs Total cost at the high point $ 17,800 Variable costs at the high point: Volume at the high point: 2,400 units Variable cost per unit $ 6.00 Total variable costs at the high point 14,400 Total fixed costs $ 3,400 Total cost at the low point 9,400 Variable costs at the low paint. Mc Graw Hill Type here to search O WE 81'F AD 5:51 AM 07/31/21 EQuestion 4 - Ch 21: Homework - X 9 New Tab X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fsalemu.blackboard.com%252Fwebapps%252Fblac.. D Paused i: Apps G Gmail YouTube 9 Maps Reading list Ch 21: Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 4 ! Required information Total variable costs at the high point 14,400 1.47 Total fixed costs $ 3,400 points Total cost at the low point $ 9,400 Variable costs at the low point: Volume at the low point 1,000 x units Variable cost per unit $ 6.00 Total variable costs at the low point 6.000 Total fixed costs $ 3,400 (2) Estimated cost if 1,620 units are produced Estimated total cost $ 13,120 Mc Graw Hill 81'F A 5:51 AM Type here to search O W 07/31/21
