Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data have been extracted from the records of Puzzle Inc.: Production level, in units Variable costs Fixed costs Mixed costs Total costs February

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following data have been extracted from the records of Puzzle Inc.: Production level, in units Variable costs Fixed costs Mixed costs Total costs February 11. 800 $27. 140 2 23, 248 $88, 088 August 18,880 $ ? 37, 700 2 $114.001 Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 13,978 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to parte Complete this question by entering your answers in the tabs below. Ponuda Rennred Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method c. Calculate the total cost that would be incurred for the production of 13,978 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Calculate the missing costs. (Do not round intermediate calculations.) February August Production level, in units 11,800 18,880 Variable costs $ 27.140 Fixed costs 37.700 Mixed costs 23,248 Total costs $ 88,088 $ 114,001 Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method C. Calculate the total cost that would be incurred for the production of 13,978 units, d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. 5 Required A Required B Required Required D Calculate the cost formula for mixed cost using the high-low method. (Do not round intermediate calculations. Round "Variable rate" to 2 decimal places.) Cost formula per unit Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method c. Calculate the total cost that would be incurred for the production of 13,978 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Cost behavior pattern is Relevant rango

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

More Books

Students also viewed these Accounting questions