Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

please complete the entire question, try and use the same format if possible The following data have been extracted from the records of Puzzle Inc.:

please complete the entire question, try and use the same format if possible
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following data have been extracted from the records of Puzzle Inc.: February 10,400 $27,640 August 23,920 Production level, in units Variable costs Fixed costs Mixed costs Total costs 31,500 25,996 $84,536 $146,593 Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 14,560 units d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the missing costs. Do not round Intermediate calculations. Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 14,560 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Calculate the missing costs. (Do not round intermediate calculations.) February 10.400 S 27.040 August 23.920 Production level in units Variable costs Fixed costs Mixed costs Total costs 31.500 25.996 84.536 S S 146 593 Required B > Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 14,560 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the cost formula for mixed cost using the high-low method. (Do not round intermediate calculations. Round "Variable rate" to 2 decimal places. Cost formula per unit Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 14,560 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the total cost that would be incurred for the production of 20.060 units. (Do not round intermediate calculatio Total cost Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 14,560 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Identify the two key cost behavior assumptions made in the calculation of your answer to part C. Cost behavior pattern is Relevant range

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions