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 Mixed costs 4,000 $ 8,000 32,000 19,700 Total costs $ 59,700 During July, the activity level was 8,400 units, and the total costs incurred were $70,000. 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. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the variable costs, fixed costs, and mixed costs incurred during July. July Variable cost Fixed cost 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 Mixed costs 4,000 $ 8,000 32,000 19,700 Total costs $ 59,700 During July, the activity level was 8,400 units, and the total costs incurred were $70,000. 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. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the variable costs, fixed costs, and mixed costs incurred during July. July Variable cost Fixed cost Mixed cost
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...
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