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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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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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(a2)

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Compute the fixed costs using the high-low method.

Fixed cost

$enter the fixed costs in dollars

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(b)

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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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(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

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