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Period Units Produced 0 1 2 3 ....... 400 800 1,200 1,600 2,000 2,400 2,800 3,200 3,600 Total Costs $ 2,520 3,280 4,040 4,800 5,560 6,320 7,080 7,840 8,600 9,360

Period Units Produced 0 1 2 3 ....... 400 800 1,200 1,600 2,000 2,400 2,800 3,200 3,600 Total Costs $ 2,520 3,280 4,040 4,800 5,560 6,320 7,080 7,840 8,600 9,360

FINANCIAL ACCOUNTING
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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Period Units Produced 1 0 2 400 3 800 4 5 6 7 8 9 10 1,200 1,600 2,000 2,400 2,800 3,200 3,600 Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit Total variable costs at the high point Total fixed costs Total Costs $ 2,520 3,280 4,040 Exercise 18-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,000 units are produced. Total cost at the low point Variable costs at the low point Volume at the low noint 4,800 5,560 6,320 7,080 7,840 8,600 9,360 Cost at high point minus cost at low point Cost at low point minus cost at high point $ High-Low method - Calculation of variable cost per unit $ High-Low method - Calculation of fixed costs $ 9,360 3,600 units 1.70 6,120 Variable cost per unit = 3,600 O $ 1.70
Transcribed Image Text:Period Units Produced 1 0 2 400 3 800 4 5 6 7 8 9 10 1,200 1,600 2,000 2,400 2,800 3,200 3,600 Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit Total variable costs at the high point Total fixed costs Total Costs $ 2,520 3,280 4,040 Exercise 18-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,000 units are produced. Total cost at the low point Variable costs at the low point Volume at the low noint 4,800 5,560 6,320 7,080 7,840 8,600 9,360 Cost at high point minus cost at low point Cost at low point minus cost at high point $ High-Low method - Calculation of variable cost per unit $ High-Low method - Calculation of fixed costs $ 9,360 3,600 units 1.70 6,120 Variable cost per unit = 3,600 O $ 1.70
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