Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 16, 2024

Thomas Train has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 26,200 May 19,400

Thomas Train has collected the following information over the last six months.

Month

Units produced

Total costs

March

10,000

$25,600

April

12,000

26,200

May

19,400

29,200

June

13,000

26,450

July

12,000

26,000

August

15,000

26,500

Using the high-low method, what is the variable cost per unit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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 for the Hospitality Industry

Authors: Lea R. Dopson, David K. Hayes

2nd edition

978-1-119-2996, 1119299659, 978-1119386223

More Books

Students also viewed these Accounting questions

Question

★★★★★

A 20-kg girl slides down a playground slide that is 3.2 m high. When she reaches the bottom of the slide, her speed is 1.3 m/s. (a) How much energy was dissipated by friction? (b) If the slide is...

Answered: 1 week ago

Question

★★★★★

The normal line to the curve y = f(x) at the point P with coordinates (x 0 , f(x 0 )) is the line perpendicular to the tangent line at P. In Exercises 32 through 35, find an equation for the normal...

Answered: 1 week ago

Question

★★★★★

6.73 Garage Door Openers Most users of auto- matic garage door openers activate their openers at distances that are normally distributed, with a mean of 10 m and a standard deviation of 2.7 m. To...

Answered: 1 week ago

Question

★★★★★

The comparative balance sheets for Gould Company as of December 31 are presented below. Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid...

Answered: 1 week ago

Question

★★★★★

3. (30) Suppose the world consists of two countries, Home and Foreign, which produce two goods, Bread and Fruit, using two factors, capital and labor. Suppose that Home has 60 units of labor and 40...

Answered: 1 week ago

Question

★★★★★

What is the future value at the end of year 4 of the following set of cash flows? Assume an interest rate of 8%. (20 marks) Year 1 $1500 Year 2 $1000 Year 3 -$1500 Year 4 $1200

Answered: 1 week ago

Question

★★★★★

A lottery system has balls numbered 1 to 55 and randomly selects 7 of the lottery balls. There is only one prize of $7,900,000.00 which is awarded only if a lottery player selects the correct set of...

Answered: 1 week ago

Question

★★★★★

1.114 Goldilocks Effect: Read to Your Kids! (Part 2) Exercise 1.13 introduces a study in which 27 four-year-old children are presented with stories three different ways: audio only, illustrated, and...

Answered: 1 week ago

Question

★★★★★

Jeanette is conducting an experimental study of memory. She has recruited a sample of A-Level students and given them a word-learning task. They first do the task while music is playing and then in...

Answered: 1 week ago

Question

★★★★★

Your instructor has a class policy that allows students to submit late assignments without a penalty once per term. You have been enjoying your time at university so far, but you are struggling with...

Answered: 1 week ago

Question

★★★★★

Sandra asks you to hand her an anemometer while you're working together on a job. What's she going to use it for? Question 5 options: a) Measuring humidity b) Measuring air volume c) Measuring...

Answered: 1 week ago

Question

★★★★★

Peaton Computer Company manufactures personal computers and tablets. Based on the latest information from the cost accountant, using the current sales mix, the weighted - average sales price per unit...

Answered: 1 week ago

Question

★★★★★

10. Find a news article in a daily newspaper, and answer the following questions: (a) Does the information in the article support your views and attitudes or does it conflict with them? (b) Does the...

Answered: 1 week ago

Question

★★★★★

2. Give an example where information that is emotionally interesting, specific and close in time and space, can be used to capture someones interest.

Answered: 1 week ago

Question

★★★★★

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Previous Question Next Question