Loafers are Us, a manufacturer of men’s dress shoes, uses the high low method to estimate cost behaviors. In its current manufacturing operations, three different cost types are incurred: A, B, and C. Per unit costs for each cost type at two different activity levels are as follows: A B C 5,000 pairs of shoes $4.00 $9.00 $4.00 7,500 pairs of shoes $4.00 $6.00 $3.00 If 10,000 pairs of shoes are produced, the total manufacturing costs would be: Units are not necessary (i.e. $ or commas) Answer:
Loafers are Us, a manufacturer of men’s dress shoes, uses the high low method to estimate cost behaviors. In its current manufacturing operations, three different cost types are incurred: A, B, and C. Per unit costs for each cost type at two different activity levels are as follows: A B C 5,000 pairs of shoes $4.00 $9.00 $4.00 7,500 pairs of shoes $4.00 $6.00 $3.00 If 10,000 pairs of shoes are produced, the total manufacturing costs would be: Units are not necessary (i.e. $ or commas) Answer:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Loafers are Us, a manufacturer of men’s dress shoes, uses the high low method to estimate cost behaviors. In its current manufacturing operations, three different cost types are incurred: A, B, and C. Per unit costs for each cost type at two different activity levels are as follows:
|
A |
B |
C |
5,000 pairs of shoes |
$4.00 |
$9.00 |
$4.00 |
7,500 pairs of shoes |
$4.00 |
$6.00 |
$3.00 |
If 10,000 pairs of shoes are produced, the total
Answer:
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