FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Sunshine Plates Quarter Jan-Mar Apr-Jun Jul-Sep Oct-Dec Total Costs 77,900 36,000 23,000 42,000 Determine the cost function using High Low Analysis. What is the total cost if 5,000 plates are produced? Number of Plates Produced 8,100 3,900 2,000 4,200
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Transcribed Image Text:Sunshine Plates Quarter Jan-Mar Apr-Jun Jul-Sep Oct-Dec Total Costs 77,900 36,000 23,000 42,000 Determine the cost function using High Low Analysis. What is the total cost if 5,000 plates are produced? Number of Plates Produced 8,100 3,900 2,000 4,200
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Step 1: Introducing High Low Method
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Step 2: Calculate the Variable Cost Per Unit & Fixed Cost Per Unit Using High Low Method
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Step 3: Calculate the total cost of 5,000 Plates are Produced
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