Chat with AI
Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314 Exercise 24
High-low method A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity:
During October the activity level was 8,000 units, and the total costs incurred were $70,500.
Required:
a. Calculate the variable costs, fixed costs, and mixed costs incurred during October.
b. Use the high-low method to calculate the cost formula for mixed cost.
During October the activity level was 8,000 units, and the total costs incurred were $70,500.
Required:
a. Calculate the variable costs, fixed costs, and mixed costs incurred during October.
b. Use the high-low method to calculate the cost formula for mixed cost.
Explanation
Verified
Verified
Compute the fixed costs, variable costs ...
Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
