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please help, not sure why I got this wrong. absorption costing ? 100 x 3.58 = 13,833. High-Low Method Cost Formulas During the past year,
please help, not sure why I got this wrong. absorption costing ? 100 x 3.58 = 13,833. High-Low Method Cost Formulas During the past year, the high & low use of three oufferent resources for Fly High Airlines occurred in July, Aile The resources are ourplane depreciation, fuel, & airplane Maintenance. The cuinplanu jeight hours is the driver The total costs of the 3 resources & the related airplane flight is as follows: "Resource Airplane Flight Airplane Depreciation High 44,000 +18 500 000 i Low 88,000 18.500.000 Fuel High 445,890,000 Low 28,00 383 759.000 Airplane Maintenance High 16, 464,ooo 28.000 352 oco Low - What is the variable rate for a plane depreciation ? Variable rate= (High Cast - buiu cosi) | (High hours -Low hours) =(18.50-15,500) (44.60038,600) x - What is the fixed cost for airplane depreciation? Fixed Cost Total cost - Variable rate x Airplane hours) = 18 500 - 60 X 44.000) = 18,500 2. What is the cost formula for airplane depreciation? X Total cost of airplane depreciation a $ 1% 500.- Total airplane depreciation = 17,500+ cox airplane hurers) 3- What is the variable rate for fuel ? Variable rate = C high cost - Loodost) | (ligh baurs - low hous) = (445,896,000 -383,152,060 74,000 -68 500) 162,144,000 16,000 = 10, 134.00 What is the fixed cost for fuel? Fixed cost total cost (variable rate & cumplane his! 2-X440bb 7 7- Using the 3 cost formulas that you developed, predict the cost of each resource in a month 'w / 36,000 airplane hours. x total cost of airplane depreciation = $18,500.- total cost of fuel = 0+(10,134 x 36,000). 364824,000 total cost of maintenance =5156,000+(257 x 36,000) - 5,156.000 +9952000 14400,000 using High-Low to calculate Practed Total vanable cost & Total Cost for Budgeted output
please help, not sure why I got this wrong.
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