The manufacturing costs of Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $2,400,000 10,000 units February 2,950,000 42,000 March 3,200,000 50,000 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit b. Total fixed cost

Q: Columbia Corporation produces a single product. The company's variable costing income statement for…

A: Absorption costing is the method of costing with the inclusion of all the costs incurred in…

Q: The manufacturing costs of Rosenthal Industries for the first three months of the year follow:…

A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: Absorption costing also called as historical costing is the practice of charging both fixed and…

Q: Per unit information for Product M of Adolf Corporation is provided below: Direct materials per unit…

A: Period Costs under Variable costing= Variable Selling and administrative expenses + Fixed Selling…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: Marshall Inc.  Estimated budget for 20000 units are as follows : Sales = $1420000 Selling price =…

Q: Prior to the first month of operations ending October 31, Marshall Inc. estimated the following…

A: Under variable costing, fixed manufacturing overhead is considered as a period cost and deducted a…

Q: Starwood Company's high and low level of activity last year was 65,000 units of product produced in…

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: The manufacturing cost of Calico Industries for three months of the year are provided below.…

A: Variable cost: It is the cost that changes with the change with the change in level of output .e.g.,…

Q: Easton Pump Company's planned production for the year just ended was 19,100 units. This production…

A: ●1. Answer: Production cost per unit under variable costing method= (Direct material+ Direct labor+…

Q: The manufacturing costs of Calico Industries for three months of the year are provided below: Total…

A: Variable cost changes with the change in the production units. Under the high low method, variable…

Q: Blanche Corporation estimated its unit costs of producing and selling 12,000 units per month as…

A: Total variable cost = Variable cost per unit x No. of units Total fixed costs = Fixed cost per unit…

Q: Per unit information for Product M of Adolf Corporation is provided below: $80 per unit Direct…

A: Lets understand the basics. In variable costing period cost are total of fixed cost and all variable…

Q: During the months of April through September, the following total utility costs were paid at various…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100%…

A: The absorption costing System and Variable costing system are two methods used to value the…

Q: The manufacturing cost of Calico Industries for three months of the year are provided below.…

A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: Absorption costing means that inventory is valued at total manufacturing cost including fixed…

Q: The manufacturing cost of Calico Industries for three months of the year are provided below.…

A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…

Q: The manufacturing costs of Calico Industries for three months of the year are provided below. Total…

A: High Low Method - High Low method is used bifurcate the fixed cost and variable cost from the total…

Q: The manufacturing cost of Carrie Industries for the first three months of the year are provided…

A: Under high low method of cost estimation, variable cost per unit and fixed costs are calculated by…

Q: High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the…

A: Here in this question we are required to calculate variable cost and fixed cost by high low method.…

Q: The manufacturing costs of Calico Industries for three months of the year are provided below:…

A: The high-low method of costing determines the per unit variable cost by dividing the difference…

Q: The manufacturing costs of Kellam Industries for the first three months of the year follow:   Total…

A: High Low Method is a cost accounting technique used to determine the fixed and variable elements of…

Q: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects…

A: The operating income of a firm can be determined using the absorption costing method or using the…

Q: The manufacturing costs of Rosenthal Industries for the first three months of the year follow:…

A: a.Variable cost $72 per unit

Q: The manufacturing costs of Callico Industries for three months of the year are provided below: Total…

A: The High-low method is a cost computation technique that separates variable and fixed cost from…

Q: The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost…

A: The high-low method is used to differentiate the mixed cost. The mixed cost is the combination of…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: Under variable costing, fixed manufacturing overhead is considered as a period cost and deducted a…

Q: The manufacturing cost of Mocha Industries for three months of the year are provided below:   Total…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: Lynch Company manufactures and sells a single product. The following costs were incurred during the…

A: Cost refers to the expenditure incurred by the firm as a consideration for goods or services.

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: Income statement: The income statement determines the net income of the business by subtracting the…

Q: The manufacturing costs of Rosenthal Industries for the first three months of the year follow:…

A: a. Compute variable cost per unit using high low method as shown below:     Therefore, variable…

Q: a.  Variable cost per unit $fill in the blank 1 b.  Total fixed cost $fill in the blank

A:

Q: On June 30, the end of the first month of operations, Tudor Manufacturing Co. prepared the following…

A: Solution a: Computation of Unit Product Cost - Absorption Costing Particulars Per unit Unit…

Q: a. 1. Prepare an estimated income statement, comparing operating results if 24,800 and 27,200 units…

A: a. 1. Prepare a absorption costing income statement, comparing operating results if 24,800 and…

Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…

A: An income statement comparing the results is required in the instant case

Q: High-Low Method The manufacturing costs of Fuld Industries for three months of the year are provided…

A: a) Calculate the variable cost per unit as follows: Variable cost per unit= (Highest cost-Lowest…

Q: My Company produced 26,000 units during February. Direct materials costs are $4.25 per unit and…

A: Since you have asked to answer 4 parts under a single question. We solved 3 parts to get the…

Q: Oblivion Corporation produced 10,000 units of Product A during the month of November. Costs incurred…

A: Absorption cost includes all the costing that is associated with production process whereas in…

Q: The accounting records for Portland Products report the following manufacturing costs for the past…

A: Particulars Units(A) Cost(B) Per unit Cost(C=B/A) Increase in Per unit Cost Total Increase(D=C+%)…

Q: The manufacturing costs of Calico Industries for three months of the year are provided below:…

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

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost…

A: Formula: Variable cost per unit = ( High cost - low cost ) / ( Higher production units - lower…

Q: The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: When a production of 200,000 units of Product A during the month of June, Bucayao Corporation has…

A: Absorption Costing Method:  Under this method of costing the inventory cost, both the variables cost…

Q: Bernard Company shows the following manufacturing costs for the first six months of the year:…

A: Solution...     Highest point  Production in units = 2,600  Costs = $47,900  Lowest point…

Q: Sims Company began operations on January 1. Its cost and sales information for this year follow.…

A: Variable Costing: A concept that is used in management and cost accounting is known as variable…

Q: The manufacturing costs of Calico Industries for three months of the year are provided below: Total…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: The accounting records for Moss Manufacturing Company included the following cost information…

A: As per the variable costing system, all the variable costs excluding sales and administrative…

Q: Cornet Products, Inc., summarizes the following data for the first year of operations   Sales (# of…

A: The variable costing includes the variable costs in the product cost and absorption costing includes…

Q: The manufacturing costs of Mocha Industries for 3 months of the year are as follows:…

A: High low method of cost estimation is a method by which costs at highest level of activity and…

Q: Princeton Manufacturing Company summarizes the following total cost data for the month of March.…

A: