High-Low Method  During the past year, Gutter Corp., operated within the relevant range of its fixed costs. Monthly production volume during the year ranged from 48,000 to 80,000 units of product and corresponding total manufacturing costs ranged from $5.55 to $4.75 per unit. Determine the total cost behavior pattern experienced by Gutter Corp. Total cost = $______ + ($______ x variable cost per unit)

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A: Variable cost is the cost which changes with change in production volume and fixed cost is the cost…

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A: Absorption costing refers to a method of costing to account for all the costs of manufacturing.

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Q: Using absorption costing, what is operating income for last year? (Round any intermediary…

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A: Working note: Computation of cost of goods sold:

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

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Q: F Company, which uses the high-low method, reported total costs of $24 per unit at its lowest…

A: Variable cost per unit =6000010000=$6

Q: SIM Company has computed the following unit costs for the year just ended: Direct material used…

A:

Q: ration pr Beginning inventory Units produced Units sold Selling price per unit Selling and…

A: The unit product cost is the cost of producing the goods in factory. Under variable costing the unit…

Q: The net operating income (loss) under absorption costing closest to:

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Q: Required Information [The following information applies to the questions displayed below.] Oak Mart,…

A: VARIABLE COSTINGVariable Costing is a Cost Managerial Accounting Method in which all Variable Cost…

Q: Acme Company produces a single product which it sells for $90 per unit. During the current yea Acme…

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A: The income statement is prepared to record the revenues and expenses of the current period. It helps…

Q: Pearson Electric Company uses the high-low method to analyze mixed costs. The following information…

A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…

Q: Riders Company computes net operating income under both the absorption costing approach and the…

A: Under absorption costing, fixed manufacturing overhead is treated as product cost. Under variable…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: High Low method is used to determine variable and fixed portion of the total cost at different level…

Q: Selling price per unit Variable manufacturing costs per unit Variable selling and administrative…

A: The Contribution margin is the difference between the sales revenue and the variable costs.…

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A: Formula: Total product cost under variable costing = Direct materials + Direct labor +  Variable…

Q: High-Low Method The manufacturing costs of Barretto Enterprises for three months of the year…

A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…

Q: total fixed costs charged against the current year’s operations

A: Fixed costs are expenses incurred that do not vary according to the changes in volume of production…

Q: Need help with this Question provide Answer

A: Total CostProduction January$437,7602,090 Units←LowestFebruary$458,6803,670 Units March$680,9605,890…

Q: The following information was collected for the first year of manufacturing for Appliance App Direct…

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A: Absorption costing includes all the costs incurred in the manufacturing process while variable…

Q: Noriel Company has collected the following information over the last six months: Month Units…

A: high-low method is a way of attempting to separate out fixed and variable costs from mixed costs…

Q: net income be higher under:

A: Option b is wrong because net income is lower under absorption costing system. Absorption costing…

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A: ABSORPTION COSTINGAbsorption Costing is a Cost Management Accounting method in which all cost…

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Q: Question: ABC Company produces a single product and has the following cost structure: Number of…

A: I have provided the answer above for you. See the answer I provided above to understand the given…

Q: Given the following cost and activity observations for Bounty Company's utilities, use the high-low…

A: Introduction: The cost of electricity, temperature, sewer, and water ingested during a reporting…

Q: and sale of one of its products: P3.00 per unit P2.50 per unit P1.80 per unit P4.00 per unit (based…

A: Under absorption costing, the fixed cost is expensed on the basis of number of the units sold.

Q: Month No of Units Total Cost anuary 19 P 15,200 February 11 P 13,200 March 46 P 40,800 April 17 P…

A: The high low method is important to separate the fixed and variable costs from the mixed costs of…