Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

stion 8 Pharoah Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost March 9,950

stion 8 Pharoah Company accumulates the following data concerning a mixed cost, using units produced as the activity level. Units Produced Total Cost March 9,950 $15,312 April 8,860 14,263 May 10,400 15,885 June 8,690 13,833 July 9,390 14,753 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per unit $ LINK TO TEXT Compute the fixed cost elements using the high-low method. Fixed cost $ LINK TO TEXT Using the information from your answer to above part, write the cost formula. $ + $ per unit produced = Total cost LINK TO TEXT Estimate the total cost if the company produces 8,300 units. Total cost to produce 8,300 units $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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

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

Recommended Textbook for

Dcaa Audits Widespread Problems With Audit Quality Require Significant Reform: Gao 09 1009t

Authors: U. S. Government Accountability Office

1st Edition

1287232027, 978-1287232025

More Books

Students also viewed these Accounting questions