Carla Vista Corp. has collected the following data concerning its maintenance costs for the past 6 months. July August September October November December (a1) Units Produced 17,280 30,720 34,560 21,120 38,400 36,480 Your answer is incorrect. Total Cost $34,560 46,080 52,800 36,480 Variable cost per unit $ 71.520 59,520 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, eg. 2.25.)

Carla Vista Corp. has collected the following data concerning its maintenance costs for the past 6 months. July August September October November December (a1) Units Produced 17,280 30,720 34,560 21,120 38,400 36,480 Your answer is incorrect. Total Cost $34,560 46,080 52,800 36,480 Variable cost per unit $ 71.520 59,520 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, eg. 2.25.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Wildhorse Corp. has collected the following data concerning its maintenance costs for the past 6 months. Total Cost Units Produced $47,149 19,420 July 51,792 34,528 August 59,345 38,844 September 48,150 23,738 October 80,385 43,160 November 66,898 41,002 December Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, eg. 2.25.) Variable cost per unit $ Compute the fixed cost elements using the high-low method Fixed costs $ lhp 19 m ho K4 ins prt sc delet 6 7 backde
Sunland Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 18,060 $33,913 August 32,096 48,144 September 36,108 55,165 October 22,066 38,114 November 40,120 74,724 December 38,114 62,186 (A) Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit $enter the variable cost per unit in dollars rounded to 2 decimal places (B) Compute the fixed cost elements using the high-low method. Fixed costs $enter the fixed costs in dollars
Sheridan Corp. has collected the following data concerning its maintenance costs for the past 6 months. July August September October November December Units Produced 19.910 35,392 39,816 24,332 Fixed costs 44,240 42,028 Variable cost per unit $ eTextbook and Media Total Cost $38,603 53,088 60,830 42,028 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) 82,397 68,572 Compute the fixed cost elements using the high-low method.
Deidoro Company has provided the following data for maintenance cost: Machine hours Maintenance cost Multiple Choice Maintenance cost is a mixed cost with variable and fixed components. The fixed and variable components of maintenance cost are closest to: (Round your intermediate calculations to 2 decimal places.) O O Prior Year 17,100 20,100 $ 29,400 $ 34,200 $29,400 per year; $1.701 per machine hour Current Year $2,040 per year; $1.701 per machine hour $2,040 per year; $1.600 per machine hour $29,400 per year; $1.600 per machine hour
The following information is available for a company’s maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 90 $ 4,190 July 180 6,260 August 120 4,880 September 150 5,570 October 210 6,950 November 240 7,640 December 60 3,500 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour 0 Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs
The controller of Sunland Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month TotalMaintenance Costs TotalMachine Hours January $2,590 330 February 2,890 380 March 3,490 530 April 4,390 660 May 3,090 530 June 5,470 730 Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $enter the variable cost per machine hour in dollars rounded to 2 decimal places Determine the fixed cost components using the high-low method. Total fixed costs $enter the total fixed costs in dollars
Crane Corp. has collected the following data concerning its maintenance costs for the past 6 months. July August September October November December (a1) Units Produced 18,720 33,280 37,440 22,880 41,600 39,520 Your answer is incorrect. Total Cost Variable cost per unit $37,440 49,920 57,200 39,520 77,480 64,480 Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.)
Crane Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Maintenance Costs July 19,900 $44,732 August 35,552 53,328 September 39,996 61,105 October 24,442 46,388 November 44,440 82,769 December 42,218 68,882 Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit $enter the variable cost per unit in dollars rounded to 2 decimal places Compute the fixed costs using the high-low method for this mixed cost. Total fixed costs $enter the fixed costs in dollars
The following information is available for a company's maintenance cost over the last seven months. Maintenance Cost Month Units Produced June 110 July 170 August 130 September 160 October 220 November December 250 70 $ 4,780 6,400 5,320 6,130 7,750 8,560 3,700 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs
The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month TotalMaintenance Costs TotalMachine Hours January $2,817 3,734 February 3,201 4,268 March 3,841 6,402 April 4,801 8,429 May 3,414 5,335 June 4,930 8,536 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour $ eTextbook and Media Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.) Fixed costs $
The following information is available for a company’s maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 180 $ 10,900 July 360 13,800 August 240 10,200 September 300 12,000 October 420 13,800 November 480 16,200 December 120 7,200 Using the high-low method, the variable component of its maintenance cost is: Multiple Choice $30.00 per unit. $25.00 per unit. $22.50 per unit. $16.11 per unit. $22.00 per unit.
The controller of Blossom Industries has collected the following monthly expense data for use in analyzing the cost behaviour of maintenance costs: Total Total Month Maintenance Costs Machine Hours January $2,750 2,850 February 3,150 4,400 March 4,000 6.250 April 4,520 8,250 May 3,320 5.000 June 5,693 8,300 (a1) Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.)