Answered step by step
Verified Expert Solution
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!
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 costStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started