Platinum Corporation gathered the ff. data for its maintenance costs: Units produced 100,000 90,000 106,000 Total costs 1,300,000 1,500,000 1,750,000 Using high-low method, what is the variable cost per unit?
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16. Platinum Corporation gathered the ff. data for its maintenance costs: Units produced 100,000 90,000 106,000
Total costs 1,300,000 1,500,000 1,750,000 Using high-low method,
what is the variable cost per unit?
Step by step
Solved in 2 steps
- Determine fixed costs using the high-low method from the following data: Total Costs Level of Activity P65,000 11,250 P52,000 8,000 P86,000 16,500 a. P45,000 b. P20,000 c. P16,500 d. P9,500The following activity and cost data that were provided by Hoist Corporation would help in estimating its future maintenance costs: Units Maintenance cost P1,350 7. P1,590 11 P1,920 15 P2.100 Using the least squares regression method to estimates the cost formula, the expected total cost for an activity level of 10 units would be closest to (nearest peso) e.g. 1405.688888, Type 1406 3.Given the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50
- LO.10 (Appendix: carrying costs) Determine the carrying costs for an item costing $6.80, given the following per-unit cost information: Storage cost $0.24 Handling cost 0.28 Production labor cost 1.70 Insurance cost 0.44 Opportunity cost 8% of investment12.) If 12,500 units are sold, what is the total manufacturing overhead costs to support this production level? What is the manufacturing overhead cost per unit? 13.) If the selling price is P2,200 per unit, what is the contribution margin per unit sold?What type of cost exhibits the behavior shown below? Manufacturing Volume (Units) Cost Per Unit 50,000 $1.95 70,000 1.95 Select one: a. Discretionary fixed cost b. Step-fixed cost. c. Semivariable cost.d. Variable cost. e. Fixed cost
- The Miramichi Company uses the high-low method to estimate its cost function. The information for the current year is provided below: Highest observation of cost driver Lowest observation of cost driver $12,500 Machine-hours a. O b. $0 O C. $25,000 O d. $125,000 O e. $225,000 2,000 1,000 What is the constant for the estimating cost equation? Costs $225,000 $125,000Which of the following types of cost is shown in the cost data below? Cost per Number of Unit Units $6,000 3,000 2,000 1,500 a. fixed cost b. mixed cost C. variable cost d. period cost 2. 3. 4.1. DEF Company's average cost per unit is $1.425 at the 16,000 unit level of activity and $1.38 at the 20,000 unit level of activity. Assume that all of the activity levels mentioned in this problem are within the relevant range. Required: Predict the following items for DEF Company: a. Variable cost per unit. b. Total fixed cost per period. c. Total expected costs at the 18,000 unit level of activity. ----------------------------------------------------------------------------------- 2. TUV Inc., a manufacturing company, has provided the following financial data for September: Sales $590,000 Variable production expense $106,000 Variable selling expense $18,000 Variable administrative expense $78,000 Fixed production expense $145,000 Fixed selling expense $72,000 Fixed administrative expense $132,000 The company had no beginning or ending inventory. Required: a. Income statement in good form for September using the traditional approach. b. Income statement in good form for…
- 2. Model C-V-UA company has the following data about its costs: Variable unit cost:Raw material $2.3Labor $1.2Variable GIF $0.6Fixed monthly costs:GIF $7,500 Depreciation $4,500Salaries $ 36,500Rent $3,700Utilities $ 900 The unit sale price is $12 and sales of 10,000 units are planned.Calculate the safety margin in percentage: __________________With the above data, it calculates the percentage contribution margin.Company has decided to use the high-low method to estimate the total cost andthe fixed and variable cost components of the total cost. The data for various levels ofproduction are as follows:Units Produced Total Costs8,100 $525,00011,250 630,00018,100 690,000 Please, calculate this questionsa. Determine the variable cost per unit and the total fixed cost.b. Based on part (a), estimate the total cost for 15,000 units of production.Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $175; Variable costs per unit includes: Direct material $60, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $45,000. What is the contribution margin percentage? O a. 56.6% O b. 61.1% O c. None of the given answers d. 50.9% Ое. 49.1%
