Lukaku's Bakery is a local bakery that operates in Kuwait. Their controller is trying to determine thecompany's pizzas production cost behavior.JanuaryFebruaryMarchAprilMayJuneRequired:A. Use the high-low method to estimate:• The variable costs per unit produced• The total fixed costs (Pizzas produced (X)5,0003,2004,0005,2004,5003,0003).• Express the cost behavior in an equation form (1.Total Production Costs(Y)$4,300$2,950$3,300$4,490$3,450$2,840B. Predict the production cost that will be incurred when 5,500 pizzas are prepared (C. Find the number of prepared pizzas if the total cost of production is $5,090 (

High- Low Method Variable Cost per unit = (Highest Activity Cost - Lowest Activity Cost)/(Highest…

A. Use the high-low method to estimate: • The variable costs per unit produced 1-- . The total fixed costs ( • Express the cost behavior in an equation form (1. B. Predict the production cost that will be incurred when 5,500 pizzas are prepared ( Find the number of prepared pizzas if the total cost of production is $5,090 (

A. Use the high-low method to estimate: • The variable costs per unit produced 1-- . The total fixed costs ( • Express the cost behavior in an equation form (1. B. Predict the production cost that will be incurred when 5,500 pizzas are prepared ( Find the number of prepared pizzas if the total cost of production is $5,090 (

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5EB: Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following...

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