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nentSessionLocatore di progresstale Update newo Priem Mastery Problem: Cost-Volume-Profit Analysis Cost Behavior High-Low Contribution Margin Income Statement-Cover-to-Cover Cost Behavior Shaded contacto X Come to Cover Company is a mutacture of shelving for books. The company has compiled the following cour data, and wants your help in determining the cost . Ater viewing the cute, complete requirements (1) and (2) that follow Units Produced Total Lumber Cost $84,000 7.000 shelves Total Total Machine Utilities Cost Depreciation Cost $9.050 $125,000 17,100 125,000 33,200 125,000 41,250 125,000 14,000 shelves 168,000 336,000 20,000 shelves 35,000 shelves 420,000 1. Determine whether the costs in the table are variable fixed, mixed or none of those Variable Cost Fixed Cost Mixed Cost None of these Lumber Utilities O oOo I O Depreciation O O Points 313 Previous Check My Work All work saved Email Instructor Save and Et Submit Assignment for Gradinu Printem Mastery Problemi cost-Volume-Pront Analysis Cost Behavior High-Low Contribution Margin Income Statement-Coverto-Cover Cost Behavior Utilities Shaded cells me feedback X Depreciation Points 3/3 2 For each cost determine the fixed portion of the cost and the per-unt variable cost. W there is no amount or an amount is zero, ante "O". Recall that for Nu Number of Units Produced. Total Costs = /Variable Cost Per Unitx N + Faxed Cost Complete the following table with your answers Cost Fixed Portion of Cost Variable Portion of Cost (per unit) Lumber SO $12.00 Utilities 1,000 1.15 Depreciation 125,000 0.00 Points: 6/6 I Feedback Check My Work Review the definitions for fored, variable, and mixed costs, and the relationships botween units produced and total cost for each type of cost Recall that the high-low method may be used to separate a cost into its fixed and variable components. Check My Work Previous All work saved. Email Instructor Save and Exit Submit Assignment for Gra newo Mastery Problemi cost-Volume-Profit Analysis Cost Behavior High-Low Contribution Margin Income Statement - Cover to cover Cost Behavior High-Low Bbios Company in the chief competitor of Coww..come Company in the bookshell business to Fles a myringtos multing costs and has compiled blowing data tor ha feat nix months of the year. Ater reviewing the data, anawer questions (1) Hough (3) hat follow Number of Units Produced Total Cost January $65.000 February 6,250 March 1.000 April May 32.500 June 3.015 48.000 4,350 225 15.000 58.250 1.750 From the date previously provided help Biblo Files Company estimate the feed and variable portions of its total costs using the high-low method fecall that Mota Costs - Variable Cost Per Unit x Number of Units Produced) + Fiend Cost Complete the following table. Total Fixed Cost Variable Cost per Unit $10.00 Points 142 Previous Check My Work All work saved. Email Instructor Save and Ext Submit Assignment for Grac er 19 Homewo Priem Mastery Problemi cost-Volume-Profit Analysis Cost Behavior High-Low Contribution Margin Income Statement - Cover-to-Cover Cost Behavior High-Low Shaded cals have lekX Shaded colore sedeo X Point 2. Wish your Total Fred Cost and Variable Coat per unit from the high-low method, compute the local cost for the following alons of N Number of Units Produced Number of Units Produced Total Cost 3.500 4.360 5.225 $39,000 47,600 56.250 Pom: 312 3. Why does the total cost computed for 4.360 units not match the data for January in the table at the top of this panel? The high-low method only gives accurate data when fixed costs are zero The high tow method is accurate only for months in which production is at i capacity The high-low method gives accurate data only for levels of production outside the caleant range The high low method gives a formula for the estimated total cost and may not match levels of production other than the highest and lowest Points: 1/1 Check My Work