Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Please make sure you include all calculations so that I know how you got your answer! Thank you! Exercise 18-6 Cost behavior estimation-scatter diagram and

Please make sure you include all calculations so that I know how you got your answer! Thank you!

image text in transcribed

image text in transcribed

Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO P1 Felix & Co. reports the following information about its units produced and total costs. Period 1 2 3 4 5 Units Produced 0 590 990 1,390 1,790 Total Costs $2,690 3,290 3,890 4,490 5,090 Period 6 7 8 9 10 Units Produced 2,190 2,590 2,990 3,390 3,790 Total Costs $5,690 6,290 6,890 7,490 8,754 Estimate total costs if 3,190 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit Total variable costs at the low point Total fixed costs Estimated total cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

The Essential Handbook Of Internal Auditing

Authors: K. H. Spencer Pickett

1st Edition

0470013168, 978-0470013168

More Books

Students explore these related Accounting questions