Shown below are units produced and total manufacturing costs for the past four months at Minda Manufacturing Corporation: Units Produced Total Cost Jul 120 P446,000 Aug 150 P508,000 Sep 180 P638,000 Oct 170 P668,000 What is Minda's cost formula for total manufacturing costunder the high-low method?
Shown below are units produced and total manufacturing costs for the past four months at Minda Manufacturing Corporation: Units Produced Total Cost Jul 120 P446,000 Aug 150 P508,000 Sep 180 P638,000 Oct 170 P668,000 What is Minda's cost formula for total manufacturing costunder the high-low method?
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
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 38E: Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month:...
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Question
Shown below are units produced and total
four months at Minda Manufacturing Corporation:
Units Produced Total Cost
Jul 120 P446,000
Aug 150 P508,000
Sep 180 P638,000
Oct 170 P668,000
What is Minda's cost formula for total manufacturing costunder the high-low
method?
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