The following costs were for Handle Bar Incorporated, a bicycle manufacturer that uses the high-low method.Output960Fixed Costs$ 33,000Total Costs$ 159,7201,010.$ 33,000$ 166,3201,060$ 33,000$ 172,9201,110$ 33,000$ 179,520At an output level of 1.320 bicycles, per unit total cost is calculated to beMultiple Choice$132.00$133.50O $157,00O $161.73.$186.70Variable Costs$ 126,720$ 133,320$ 139,920$ 146,520

High low method is one of the method used for cost estimation purpose. Under this, variable cost per…

The following costs were for Handle Bar Incorporated, a bicycle manufacturer that uses the high-low method: Output 960 Fixed Costs $ 33,000 $ 33,000 1,010 1,060 $ 33,000 1,110 $ 33,000 At an output level of 1.320 bicycles, per unit total cost is calculated to be Multiple Choice $132.00 O $133.50 O $15700 $161.73 $186.70 Variable Costs $ 126,720 $ 133,320 $ 139,920 $ 146,520 Total Costs $ 159,720 $ 166,320 $ 172,920 $ 179,520

The following costs were for Handle Bar Incorporated, a bicycle manufacturer that uses the high-low method: Output 960 Fixed Costs $ 33,000 $ 33,000 1,010 1,060 $ 33,000 1,110 $ 33,000 At an output level of 1.320 bicycles, per unit total cost is calculated to be Multiple Choice $132.00 O $133.50 O $15700 $161.73 $186.70 Variable Costs $ 126,720 $ 133,320 $ 139,920 $ 146,520 Total Costs $ 159,720 $ 166,320 $ 172,920 $ 179,520

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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The following costs were for Bikeway Inc., a bicycle manufacturer that uses the high-low method: Fixed Variable Total Output Costs Costs Costs $ 25,000 $ 25,000 $ 25,000 $ 25,000 800 $80,000 $105,000 $ 85,000 $ 90,000 $ 95,000 850 $110,000 900 $115,000 950 $120,000 At an output level of 1,000 bicycles, per unit total cost is calculated to be:
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