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T.L. Franklin Corporation has three costs: A, which is variable; B, which is fixed; and C, which is semivariable. The company uses the high-low method
T.L. Franklin Corporation has three costs: A, which is variable; B, which is fixed; and C, which is semivariable. The company uses the high-low method and extracted the following data from its accounting records: At 185,000 hours of activity, Cost A totaled $2,620,000. At 119,741 hours, the low point during the period, Cost C totaled $1,503,000; at 205,000 hours, the high point, Cost C's fixed portion amounted to $2.25 per hour. At 155,000 hours of activity, the sum of Costs A, B, and C amounted to $8,172,000. Required: A. Compute the variable portion (total) of Cost C at 119,741 hours of activity. B. Compute Cost C (total) at 155,000 hours of activity. C. Compute Cost B (total) at 155,000 hours of activity. For all requirements, do not round intermediate calculations. Round your final answer to the nearest dollar amount. A. B. Variable portion of Cost C Total of Cost C Total of Cost B C
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