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The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs
The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: a. Calculate the missing costs. February 10,200 August $ 29,580 29,944 ? 23,460 $ ? 38,300 ? $ 97,824 $ 165,715 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 16,093 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.
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