The following data have been extracted from the records of Puzzle Incorporated: February 9,200 $ 19,320 ? Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: Required A Required B a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 12,880 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Required C Production level, in units Variable costs Fixed costs Mixed costs Total costs Complete this question by entering your answers in the tabs below. Calculate the missing costs. Note: Do not round intermediate calculations. 16,312 $ 71,532 February 9,200 $ 19,320 $ 2 X 16,312 $ 71,532 Required D August August 20, 240 $? 35,900 ? $ 106,970 Answer is not complete. 20,240 34,255 35,900 52,475 $ 106,970

The following data have been extracted from the records of Puzzle Incorporated: February 9,200 $ 19,320 ? Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: Required A Required B a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the high-low method. c. Calculate the total cost that would be incurred for the production of 12,880 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. Required C Production level, in units Variable costs Fixed costs Mixed costs Total costs Complete this question by entering your answers in the tabs below. Calculate the missing costs. Note: Do not round intermediate calculations. 16,312 $ 71,532 February 9,200 $ 19,320 $ 2 X 16,312 $ 71,532 Required D August August 20, 240 $? 35,900 ? $ 106,970 Answer is not complete. 20,240 34,255 35,900 52,475 $ 106,970

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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A-3
For XYZ Company, the following information related to costs is available for the last quarter: direct materials $1,000, direct labor $3,000, variable MOH $200, fixed MOH $1,800 and selling and administrative expenses $3,000. The product cost under variable costing is: a. $5,800 O b. $4,200 C. $6,000 d. $9,000 е. none of the given answers
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