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The following data have been extracted from the records of Puzzle, Inc.: February August Production level, in units 8,400 20,160 Variable costs $ 24,360 $
The following data have been extracted from the records of Puzzle, Inc.: February August Production level, in units 8,400 20,160 Variable costs $ 24,360 $ ? Fixed costs ? 30,700 Mixed costs 25,884 ? Total costs $ 80,944 $ 141,626
Total costs $80,944$141,626 Required: a. Calculate the missing costs. (Do not round intermediate calculations.) February August 8,400 S 24,360 Production level, in units Variable costs Fixed costs Mixed costs Total cost:s 20,160 30,700 25,884 S 80,944 $ 141,626 b. Calculate the cost formula for mixed cost using the high-low method. (Do not round intermediate calculations. Round "Variable cost" to 2 decimal places.) Cost formula per unit c. Calculate the total cost that would be incurred for the production of 12,676 units. (Do not round intermediate calculations.) Total costStep by Step Solution
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