FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The manufacturing costs of Ext Corp. are as follows: (May...15,000 units... $45,000) (June...2,000 units... $19,000) (July...10,000 units...$35,000) (August...12,000 units...$39,000) (September...11,000 units... $37,000). Required: Using the

image text in transcribed
The manufacturing costs of Ext Corp. are as follows: (May...15,000 units... $45,000) (June...2,000 units... $19,000) (July...10,000 units...$35,000) (August...12,000 units...$39,000) (September...11,000 units... $37,000). Required: Using the High-Low Method, the variable cost per unit & the total fixed cost respectively are: Select one: a. $5 - $16,000 b. $10 - $19,000 c. $2 - $15,000 d. Neither

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

Statistical Models And Analysis In Auditing

Statistical Models And Analysis In Auditing

Authors: National Research Council, Division On Engineering And Physical Sciences, And Applications Commission On Physical Sciences, Mathematics, Board On Mathematical Sciences, Committee On Applied And Theoretical Statistics, Panel On Nonstandard Mixtures Of Distributions

1st Edition

0309078172, 978-0309078177

More Books

Students also viewed these Accounting questions

Question

★★★★★
Is it meaningful to determine the relative importance of predictors in discriminating between the groups? Why or why not? Discuss as a small group.

Answered: 1 week ago

Question

★★★★★
2. Explain how to conduct a job analysis, including what it is and how its used.

Answered: 1 week ago

Question

★★★★★
=+ (a) Show that the o-field $ of Borel sets is countably generated.

Answered: 1 week ago

Question

★★★★★
(a) Use vector components to prove that two vectors commute for both addition and the scalar product. (b) Prove that two vectors anticommute for the vector product; that is, prove that A x B= -B x A.

Answered: 1 week ago

Question

★★★★★
Waterway Industries factors $6200000 of its accounts receivables with recourse for a finance charge of 2%. The finance company retains an amount equal to 9% of the accounts receivable for possible...

Answered: 1 week ago

Question

★★★★★
Rainbow Products is considering the purchase of a paint-making machine to reduce labor costs. The savings are expected to result in additional cash flows to Rainbow of $5000 per year. The machine...

Answered: 1 week ago

Question

★★★★★
What is the recommended way of importing multiple secrets into the HashiCorp Vault? Inline, with the '-' at the end of the put Importing a JSON file with the @ operator Redirecting a JSON file as...

Answered: 1 week ago

Question

★★★★★
Multi Enterprises Ltd. is a Canadian-controlled private corporation whose fiscal period coincides with the calendar year. For the year 2021, the company's taxable income was calculated as follows:...

Answered: 1 week ago

Question

★★★★★
statements. The adjusted trial balance amounts at June 30 are shown below. Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Debit Credit $ 6,700 Accumulated Depreciation-Equipment $...

Answered: 1 week ago

Question

★★★★★
3. Suppose each person in a large statistics class (enrollment 1000 students) rolls a die 60 times and counts the number of times they roll an ace (one dot). (a) For each person, the total number of...

Answered: 1 week ago

Question

★★★★★
Grand Corporation reported pretax book income of $805,000. Tax depreciation exceeded book depreciation by $535,000. In addition, the company received $330,000 of tax-exempt municipal bond interest....

Answered: 1 week ago

Question

★★★★★
The interest in developing know-how, often through foreign sources, has led to the development and uptake of training in HRM through the universities and through foreign companies.

Answered: 1 week ago

Question

★★★★★
The entry of foreign organizations with more attractive compensation packages and work is also causing problems of retention in state-owned and justprivatized organizations, and there is a need to...

Answered: 1 week ago

Question

★★★★★
Pay and benefits. Evidence suggests a significant departure from the old centralized mode, particularly for managers, professionals and technicians, with pay for clerical and manual workers still...

Answered: 1 week ago

Previous Question Next Question