Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

T.L. Franklin Corporation has three costs: A, which is variable; B, which is fixed: and C. which is semivariable. The company uses the fightow method

image text in transcribed
T.L. Franklin Corporation has three costs: A, which is variable; B, which is fixed: and C. which is semivariable. The company uses the fightow method and extracted the following data from lis accounting records: - At 192,000 hours of activity, Cost A totaled $2,634,000 - At 121,170 hours, the low point during the period, Cost C totaled \$1,510.000; at 212.000 hours, the high point, Cost C's fixed portion amounted to $1.75 per hour: - At 148,000 hours of activity, the sum of Costs A, B, and C amounted to 58,186,000. Required: A. Compute the variable portion (total) of Cost C at 121.170 turs of activity. B. Compute Cost C (total) at 148.000 hours of activity. C. Compute Cost B (total) at 148,000 hours of activity. For all requirements, do not round intermediate calculations. Round your final answers to the nearest dollar amount

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

Auditing Sustainable Development Goals Key Principles And Tools For Supply Chain

Authors: Barden Gonzalez

1st Edition

B0BZFDM86C, 979-8388651501

More Books

Students also viewed these Accounting questions