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The following information is available for a company's maintenance cost over the last seven months. Units Produced 100 190 110 140 200 230 50 Month June July August September 6,830 October 8,750 November 9,710 December 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 5,550 8,430 5,870 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced

The following information is available for a company's maintenance cost over the last seven months. Units Produced 100 190 110 140 200 230 50 Month June July August September 6,830 October 8,750 November 9,710 December 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 5,550 8,430 5,870 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced

Managerial Accounting: The Cornerstone of Business Decision-Making
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
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects...
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Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs
Transcribed Image Text:Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs
The following information is available for a company's maintenance cost over the last seven months, Units Produced 100 190 110 140 200 230 50 Month June July August September 6,830 October 8,750 November 9,710 December 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 5,550 8,430 5,870 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced
Transcribed Image Text:The following information is available for a company's maintenance cost over the last seven months, Units Produced 100 190 110 140 200 230 50 Month June July August September 6,830 October 8,750 November 9,710 December 3,950 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per unit produced Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit produced Total variable costs at the high point Total fixed costs Maintenance Cost $ 5,550 8,430 5,870 Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit produced
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