Question
Oriole Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost March 10,050 $14,024 April
Oriole Company accumulates the following data concerning a mixed cost, using units produced as the activity level.
Units Produced | Total Cost | |||
---|---|---|---|---|
March | 10,050 | $14,024 | ||
April | 9,080 | 13,277 | ||
May | 10,600 | 14,994 | ||
June | 8,910 | 12,797 | ||
July | 9,580 | 13,717 |
(a1)
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Your answer is correct.
Compute the unit variable costs using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
Unit variable costs | $enter the variable cost per unit in dollars rounded to 2 decimal places |
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Attempts: 2 of 3 used
(a2)
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Your answer is correct.
Compute the fixed costs using the high-low method.
Fixed cost | $enter the fixed costs in dollars |
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Attempts: 1 of 3 used
(b)
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Your answer is correct.
Using the information from your answer to above part, write the cost equation. (Round answer to 2 decimal places e.g. 2.25.) $enter a dollar amount + $enter a dollar amount rounded to 2 decimal places x units produced = Total cost
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Attempts: 1 of 3 used
(c)
Estimate the total cost if the company produces 8,700 units.
Estimated total cost to produce 8,700 units | $enter the estimated total cost in dollars
Just need the last part answered |
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