M.G. Gabon, REB, accumulates the following data concerning a mixed cost, using units produced as the activity level. Month Units Produced Total Cost March 9,800 Php 14,740 April May 8,500 13,250 7,000 11,100 June 7,600 12,000 July 8,100 12,460 Estimate the total cost if the company produces 6,000 units. Compute the fixed cost elements using the high-low method. Compute the variable cost elements using the high-low method.
M.G. Gabon, REB, accumulates the following data concerning a mixed cost, using units produced as the activity level. Month Units Produced Total Cost March 9,800 Php 14,740 April May 8,500 13,250 7,000 11,100 June 7,600 12,000 July 8,100 12,460 Estimate the total cost if the company produces 6,000 units. Compute the fixed cost elements using the high-low method. Compute the variable cost elements using the high-low method.
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 11MC: Total costs for ABC Distributing are $250,000 when the activity level is 10,000 units. If variable...
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