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.: February August Production level, in units 8,400 20,160 Variable costs $ 24,360 $

image text in transcribedThe 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 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

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

Managerial Accounting Tools For Business Decision Making Wileyplus Lms Student Package

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

8th Edition

1119390249, 978-1119390244

Students also viewed these Accounting questions

Question

What is a prospectus? What is its purpose?

Answered: 1 week ago