None A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixedcosts, are a function of the number of units of activity:Activity level in unitsVariable costsFixed costs10,000$ 20,00060,00040,000$ 120,000Mixed costsTotal costsDuring July, the activity level was 16,000 units, and the total costs incurred were $141,000.Required:a. Calculate the variable costs, fixed costs, and mixed costs incurred during July.b. Use the high-low method to calculate the cost formula for mixed cost.

Name: None A department of Delta Company incurred the following costs for th
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Description: None A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixedcosts, are a function of the number of units of activity:Activity level in unitsVariable costsFixed costs10,000$ 2

VARIABLE COST Variable Cost is a cost that varies with the level of output.Variable costs include…

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Accounting

A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs 10,000 $ 20,000 60,000 40,000 Mixed costs Total costs $ 120,000 During July, the activity level was 16,000 units, and the total costs incurred were $141,000. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during July. b. Use the high-low method to calculate the cost formula for mixed cost.

A department of Delta Company incurred the following costs for the month of June. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity: Activity level in units Variable costs Fixed costs 10,000 $ 20,000 60,000 40,000 Mixed costs Total costs $ 120,000 During July, the activity level was 16,000 units, and the total costs incurred were $141,000. Required: a. Calculate the variable costs, fixed costs, and mixed costs incurred during July. b. Use the high-low method to calculate the cost formula for mixed cost.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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