Please help with the attached. Required Information[The following information applies to the questions displayed below.]Felix & Company reports the following information.Period12345678910Units Produced04008801,2001,6002,0002,4002,8003,2003,600Total Costs$ 2,500Total cost at the highest volumeVariable costs at highest volumeHighest volumeVariable cost per unitTotal variable costs at highest volumeTotal fixed costs3,1003,700Total cost at the lowest volumeVariable costs at lowest volumeLowest volumeVariable cost per unitTotal variable costs at lowest volume4,3004,9805,5006,100(1) Use the high-low method to estimate the fixed and variable components of total costs.(2) Estimate total costs if 3,000 units are produced.6,7907,3007,900Cost at highest volume - Cost at lowest volumeHighest volume - Lowest volumeHigh-Low method - Calculation of variable cost per unitHigh-Low method - Calculation of fixed costsTotal fixed costs(2) Estimated cost if 3,000 units are produced:Estimated total cost0

The high-low method is used to separate the fixed and variable costs from the mixed costs of…

Felix & Company reports the following information. Total Costs $ 2,500 3,100 Period 1 56769sAWNH 2 4 8 10 Units Produced e 480 880 1,200 1,600 2,000 2,400 2,800 3,200 3,600 3,780 4,300 4,900 5,500 6,100 6,780 7,300 7,980 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,000 units are produced. Total cost at the highest volume High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume Highest volume - Lowest volume High-Low method - Calculation of fixed costs

Felix & Company reports the following information. Total Costs $ 2,500 3,100 Period 1 56769sAWNH 2 4 8 10 Units Produced e 480 880 1,200 1,600 2,000 2,400 2,800 3,200 3,600 3,780 4,300 4,900 5,500 6,100 6,780 7,300 7,980 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,000 units are produced. Total cost at the highest volume High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume Highest volume - Lowest volume High-Low method - Calculation of fixed costs

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced Total Costs 1 0 $ 2,900 2 460 3,774 3 860 4,534 4 1,260 5,294 5 1,660 6,054 6 2,060 6,814 7 2,460 7,574 8 2,860 8,334 9 3,260 9,094 10 3,660 9,854 Exercise 21-6A (Algo) Appendix: Measuring costs using regression LO P1 Use spreadsheet software to use ordinary least-squares regression to estimate the cost equation, including fixed and variable cost amounts. Cost equation = + per unit
Use the data to prepare the cost statement and Income statement by use the Total cost and Variable Cost. Production capacity (6000 ) unit, direct materials (35000 )D. Indirect materials ( 15000 )D., direct wages ( 25 000 )D., Indirect wages (30000 )D. direct expenses ( 25000 )D., Indirect expenses ( 30 000 )D.[ 10000 V., 20000 F.). direct marketing cost (13000 )D. Indirect marketing cost ( 12000 )D.( 10000 V. 2000 F. ). Administration cost (22000 )D., number of F.G.L (1000 )unit . The selling price ( 2500 )D., to unit.
For each of the following independent cases (A to E), compute the missing values in the table: Case 4 B ola C D E Prime Cost $ 9,520 17,540 55,500 32,450 32,600 Conversion Cost $ Answer is complete but not entirely correct. Direct Labor 110,000 48,350 37,200 Direct Materials 16,440 32,190 * 10,000 $ 4,070 $ 5,510 7,340 42,400 13,100 20,400 11,750 18,800 13,100 Manufacturing Overhead S Total Manufacturing Cost 10,990 s 25,100 98,200 35,500 24,100 20,370 42,440 154 68,750 56,400
What type of cost exhibits the behavior shown below? Manufacturing Volume (Units) Cost Per Unit 50,000 $1.95 70,000 1.95 Select one: a. Discretionary fixed cost b. Step-fixed cost. c. Semivariable cost.d. Variable cost. e. Fixed cost
Determine fixed costs using the high-low method from the following data: Total Costs Level of Activity P65,000 11,250 P52,000 8,000 P86,000 16,500 a. P45,000 b. P20,000 c. P16,500 d. P9,500
Refer to Gjerty Corporation. Under absorption costing, the standardproduction cost per unit for the current year wasa. P11.30.b. P 7.30.c. P11.55.d. P13.05.
The "x" in the overhead cost equation, y = $5.50x + $92,000, represents which of the following? total overhead costs. the variable costs. total fixed costs. the cost driver in units.
Resolve using this format: 1. High-low method Units CostHigh volumeLow volumeChangeVariable cost per unit: ÷ = $______________per unit Fixed cost 1,400 Units 2,400 UnitsTotal costVariable cost, $ per unitFixed cost 2. Variable cost charged to product: units × $ per unit = $__________________________. 3. Fixed cost charged to factory overhead: $ per month × 12 months = $__________________.
Cost Accounting Need Help with question 1. Simplifying the ABC System: Equally Accurate Reduced ABC Systems Selected activities and other information are provided for Patterson Company for its most recent year of operations. Expected Consumption Ratios Activity Driver Quantity Wafer A Wafer B 7. Inserting dies Number of dies 2,000,000 0.70 0.30 8. Purchasing materials Number of purchase orders 2,500 0.20 0.80 1. Developing test programs Engineering hours 10,000 0.25 0.75 3. Testing products Test hours 20,000 0.60 0.40 ABC assignments $1,500,000 $1,500,000 Total overhead cost…
Sales price OMR 1000; Direct materials OMR250; Directe labor OMR 180; Variable selling cost OMR 100; Fixed selling cost OMR 200; Variable manufacturing cost OMR 150; Fixed manufacturing cost OMR 350 then we get TOTAL MANUFACTURING COST OF GOODS SOLD. O a. OMR 930 O b. OMR 520 O C. Some other answer O d. OMR 320
Required information [The following information applies to the questions displayed below.] ACME manufacturing is a low-cost producer of a single, commodity product: RGL-01. Standard overhead cost information for one unit of this product is presented below: Required: 1. Calculate the fixed overhead application rate per machine hour using (a) budgeted output, (b) normal capacity, and (c) practical capacity. (Round your answers to 2 decimal places.) 2. What is the total overhead application rate per machine hour for each of the three choices identified in requirement 1 ? (Round your answers to 2 decimal places.) 3. What is the total overhead varlance for the year when the overhead application rate per machine hour is determined under each of the following options: (a) budgeted output, (b) normal capacity, and (c) practical capacity? Indicate whether each variance is favorable (F) or unfavorable (U), (Do not round intermediate calculations. Round your answers to the nearest whole dollar…
Use the data to prepare the cost statement and income statement by use the variable cost . The production capacity ( 8 000 )unit , the seal price ( 2000 ) to unit . Direct materials ( 176000) Direct wages ( 128000 ). Direct expenses ( 132000 ) Indirect expenses ( 132000 ). ( 100 000 v. , 32 000 f. ). Marketing cost v. ( 100 000 )D. Administration cost 60000 D. Indirect marketing f. ( 100 000). The balance of f. g. f. ( 2500 ) unit , and the balance of f. g. l. ( 1000 ) unit . The number of sales unit ( ? ) unit