I only need help with #2 and 3B from required =signmentmy work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.$ 23,0006,000Less than 1,100 tons.From 1,100-1,599 tonsFrom 1,600-2,099 tonsFrom 2,100-2,599 tonsProblem 6-37 Cost Behavior and Analysis; High-Low Method (LO 6-2, 6-4, 6-5)Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The followingselected costs were incurred in December, the low point of activity, when 1,100 tons of ore were extracted:159,500149,000165,960Saved$145,960165,960185,960205,960Straight-line depreciationCharitable contributions*Mining labor/fringe benefitsRoyaltiesTrucking and hauling*Incurred only in December.Peak activity of 2,400 tons occurred in June, resulting in mining labor/fringe benefit costs of $348,000, royalties of $292,000, andtrucking and hauling outlays of $205,960. The trucking and hauling outlays exhibit the following behavior:Antioch uses the high-low method to analyze costs.Required:< PrevHelp Save & Exit5 of 7SubmitHNext >Return to question Antioch uses the high-low method to analyze costs.Required:1. Classify the five costs listed in terms of their behavior: variable, step-variable, committed fixed, discretionary fixed, step-fixed, orsemivariable.2. Calculate the total cost for next February when 1,400 tons are expected to be extracted.3-a. Is hauling 1,100 tons with respect to Antioch's trucking/hauling cost behavior cost-effective?3-b. If the company plans to extract 1,100 tons, at what number of tons can cost-effectiveness be achieved?4. Distinguish between committed and discretionary fixed costs. If Antioch were to experience severe economic difficulties, whichof the two types of fixed costs should management try to cut?5. Speculate as to why the company's charitable contribution cost arises only in December.Complete this question by entering your answers in the tabs below.Req 1You skipped this question in the previous attempt.Req 2Total costwOCTReq 3AReq 3BCalculate the total cost for next February when 1,400 tons are expected to be extracted.< Req 1Req 4< Prev5 of 7Req 5Req 3AⒸCheck my workNext >2

Cost are the amount incurred for producing something. The cost can be fixed, variable and…

Problem 6-37 Cost Behavior and Analysis; High-Low Method (LO 6-2, 6-4, 6-5) Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,100 tons of ore were extracted: Straight-line depreciation Charitable contributions* Mining labor/fringe benefits. Royalties Trucking and hauling *Incurred only in December. Peak activity of 2,400 tons occurred in June, resulting in mining labor/fringe benefit costs of $348,000, royalties of $292,000, and trucking and hauling outlays of $205,960. The trucking and hauling outlays exhibit the following behavior: $ 23,000 6,000 Less than 1,100 tons From 1,100-1,599 tons From 1,600-2,099 tons From 2,100-2,599 tons 159,500 149,000 165,960 $145,960 165,960 185,960 205,960 Antioch uses the high-low method to analyze costs. Required:

Problem 6-37 Cost Behavior and Analysis; High-Low Method (LO 6-2, 6-4, 6-5) Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,100 tons of ore were extracted: Straight-line depreciation Charitable contributions* Mining labor/fringe benefits. Royalties Trucking and hauling *Incurred only in December. Peak activity of 2,400 tons occurred in June, resulting in mining labor/fringe benefit costs of $348,000, royalties of $292,000, and trucking and hauling outlays of $205,960. The trucking and hauling outlays exhibit the following behavior: $ 23,000 6,000 Less than 1,100 tons From 1,100-1,599 tons From 1,600-2,099 tons From 2,100-2,599 tons 159,500 149,000 165,960 $145,960 165,960 185,960 205,960 Antioch uses the high-low method to analyze costs. Required:

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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