Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 15 Aug 2017 My Price 8.00

Puzzle, Inc

High–low method—missing amounts The following data have been extracted from the records of Puzzle, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Production level, in units . . . . . . . . . . . . . . . . . .

February

12,000

August

18,000

Variable costs . . . . . . . . . . . . . . . . . . . . . . . . . .

$21,000

$     ?

Fixed costs . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mixed costs . . . . . . . . . . . . . . . . . . . . . . . . . . . .

?

18,000

31,000

?

Total costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$70,000

$88,000

 
 

Required:

a.       Calculate the missing costs.

 

b.      Calculate the cost formula for mixed cost using the high–low method.

 

c.       Calculate the total cost that would be incurred for the production of 20,000 units.

 

d.      Identify the two key cost behavior assumptions made in the calculation of your answer to part c.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Aug 2017 11:08 AM My Price 8.00

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