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ound all answers to 2 decimal places. o not change rows or colums on this spreadsheet. Input areas are in yellow. resented below is Ashton
ound all answers to 2 decimal places. o not change rows or colums on this spreadsheet. Input areas are in yellow. resented below is Ashton Company's Income Statement prepared using absorption costing: Please assume that Ashton Company sells all units it prododuces) equirement 1: Replace the two unknown amounts (?) in A. and B. as directed. To find the unknown for B, you will have to complete Requirement 2 . Then, complete the totals on the income statement. Requirement 2: Billing costs for the past 5 years along with total units sold follows: Use the high-low method to calculate the following: Show vour work here: ANSWER a. Variable cost per unit b. Total fixed costs (use the high point to calculate c. Write out the cost formula for billing costs d. Total billing costs if 45,000 units are sold Insert your answer for requirement 1 in the income statement above in the blank provided for Billing (Unknown B)
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