Solved

Exhibit 5-1
Presented Below Are the Production Data for the Mixed

Question 49

Multiple Choice

Exhibit 5-1
Presented below are the production data for the mixed costs incurred by Clarion Company.
 Muoth  Cast  Units  March $4,7003,700 April 7,2005,050 May 5,5654,725 June 9,5008,500 July 7,9156,745 August 8,3007,500\begin{array} { l r r } \text { Muoth } & \text { Cast } & \text { Units } \\\text { March } & \$ 4,700 & 3,700 \\\text { April } & 7,200 & 5,050 \\\text { May } & 5,565 & 4,725 \\\text { June } & 9,500 & 8,500 \\\text { July } & 7,915 & 6,745 \\\text { August } & 8,300 & 7,500\end{array} Clarion Company uses the high-low method to estimate mixed costs.
-Refer to Exhibit 5-1.What is the estimated total mixed cost at an operating level of 7,000 units?


A) $10,700
B) $16,500
C) $7,700
D) $8,000
E) None of the answer choices is correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions