Activity level in units Variable costs Fixed costs 4,500 $ 7,875 29,000 24,600 $61,475 Mixed costs Total costs uring October, the activity level was 7,600 units, and the total costs incurred were $68,000. equired: Calculate the variable costs, fixed costs, and mixed costs incurred during October. Answer is complete and correct. October $ 13,300 $ 29,000 $ 25,700 ariable cost xed cost ixed cost Use the high-low method to calculate the cost formula for mixed cost. (Do not round intermediate calculations and round ur answers to 2 decimal places.) Answer is complete but not entirely correct.
Activity level in units Variable costs Fixed costs 4,500 $ 7,875 29,000 24,600 $61,475 Mixed costs Total costs uring October, the activity level was 7,600 units, and the total costs incurred were $68,000. equired: Calculate the variable costs, fixed costs, and mixed costs incurred during October. Answer is complete and correct. October $ 13,300 $ 29,000 $ 25,700 ariable cost xed cost ixed cost Use the high-low method to calculate the cost formula for mixed cost. (Do not round intermediate calculations and round ur answers to 2 decimal places.) Answer is complete but not entirely correct.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter13: Emerging Topics In Managerial Accounting
Section: Chapter Questions
Problem 32BEB: During the week of August 21, Parley Manufacturing produced and shipped 4,000 units of its machine...
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i ned part b
Transcribed Image Text:Activity level in units
4,500
Variable costs
Fixed costs
Mixed costs
$ 7,875
29,000
24,600
Total costs
$61,475
During October, the activity level was 7,600 units, and the total costs incurred were $68,000.
Required:
a. Calculate the variable costs, fixed costs, and mixed costs incurred during October.
Answer is complete and correct.
October
Variable cost
Fixed cost
Mixed cost
$ 13,300
$ 29,000
$ 25,700
b. Use the high-low method to calculate the cost formula for mixed cost. (Do not round intermediate calculations and round
your answers to 2 decimal places.)
Answer is complete but not entirely correct.
$ 23,025.00
per unit
Cost formula
0.35
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