Carson, which uses the high-low method of estimating costs, reported total costs of $24 per unit...
Carson, which uses the high-low method of estimating costs, reported total costs of $24 per unit when production was at its lowest level, at 10,000 units. When production doubled to its highest level, the total cost per unit dropped to $15. Carson would estimate variable cost per unit as
Homework Answers
Ans.
| Particulars | ||
| Units (a) | 10,000 Units | 20,000 Units |
| Total Cost p.u (b) | 24 | 15 |
| Total Cost (a) * (b) | 240,000 | 300,000 |
| Difference in Cost (c) | 300,000 - 240,000 = 60,000 | |
| Variable Cost (c)/Difference in Units | 60,000/10,000 | |
| Variable Cost p.u | $ 6 p.u | |
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Carson, which uses the high-low method of estimating costs,
reported total costs of $24 per unit...
Georgia uses the high-low method of estimating costs. Georgia had total costs of $26,800 at its...
Georgia uses the high-low method of estimating costs. Georgia had total costs of $26,800 at its lowest level of activity, when 5,600 units were sold. When, at its highest level of activity, sales equaled 17,600 units, total costs were $82,600. Georgia would estimate variable cost per unit as: Multiple Choice $4.72 $4.65 $4.79 $4.69
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its...
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its lowest level of activity, when 5.700 units were sold. When, at its highest level of activity, sales equaled 14,200 units, total costs were $83,300. Georgia would estimate variable cost per unit as: Multiple Choice O $5.40 $6.95 O O O $4.25 O O $5.87
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its...
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its lowest level of activity, when 5.700 units were sold. When, at its highest level of activity, sales equaled 14,200 units, total costs were $83,300. Georgia would estimate variable cost per unit as: Multiple Choice O $5.40 $6.95 O O O $4.25 O O $5.87
McNeil uses the high-low method of estimating costs. McNeil had total costs of $55,000 at its...
McNeil uses the high-low method of estimating costs. McNeil had total costs of $55,000 at its lowest level of activity, when 3,500 units were sold. When, at its highest level of activity, sales equaled 11,500 units, total costs were $77,000. What would McNeil estimate its total cost to be if sales equaled 8,400 units? Multiple Choice $63,875 $68,475 $100,375 $23,100
McNeil uses the high-low method of estimating costs. McNeil had total costs of $57,500 at its...
McNeil uses the high-low method of estimating costs. McNeil had total costs of $57,500 at its lowest level of activity, when 6,000 units were sold. When, at its highest level of activity, sales equaled 9,000 units, total costs were $71,000. What would McNeil estimate its total cost to be if sales equaled 7,950 units? O $88,000 O $35,775 O $51,500 O $66,275
McNeil uses the high-low method of estimating costs. McNeil had total costs of $51,000 at its...
McNeil uses the high-low method of estimating costs. McNeil had total costs of $51,000 at its lowest level of activity, when 5,500 units were sold. When, at its highest level of activity, sales equaled 10,500 units, total costs were $79,000. What would McNeil estimate its total cost to be if sales equaled 8,500 units? Multiple Choice C S67,800 O s47,600 O 571200 O S41700
Ajax uses the high-low method of estimating costs. Ajax had total costs of $46,820 at its...
Ajax uses the high-low method of estimating costs. Ajax had total costs of $46,820 at its lowest level of activity, when 5,500 units were sold. When, at its highest level of activity, sales equaled 18,300 units, total costs were $80,100. Ajax would estimate fixed costs as: Multiple Choice $33,280 $55,120 $126,920 $32,520
Winston uses the high-low method. It had an average cost per unit of $5.30 at its...
Winston uses the high-low method. It had an average cost per unit of $5.30 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $3.70 at its highest level of activity when sales equaled 20,000 units. What would Winston estimate its total cost to be if sales equaled 9,000 units? Multiple Choice Ο S50, 900 Ο Ο S32,000 Ο 518 900
Lark, which uses the high-low method, had total costs of $30,490 at its lowest level of...
Lark, which uses the high-low method, had total costs of $30,490 at its lowest level of activity when 10,500 units were sold. When, at its highest level of activity, sales equaled 16,700 units, total costs were $39,790. Lark would estimate fixed costs as: 0 $9,300 O $54,040 $14,740 O $68,080
2) XYZ Company uses the high-low method to estimate the total cost and the fixed and...
2) XYZ Company uses the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: (10 points) Units Produced Total Costs 7,300 $340,000 10,000 420,000 15,700 550,000 Instructions: a) Calculate the variable cost per unit and the total fixed cost. b) Based on your answer on part (a), estimate the total cost of 20,000 units of production
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its lowest level of activity, when 5.700 units were sold. When, at its highest level of activity, sales equaled 14,200 units, total costs were $83,300. Georgia would estimate variable cost per unit as: Multiple Choice O $5.40 $6.95 O O O $4.25 O O $5.87
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its lowest level of activity, when 5.700 units were sold. When, at its highest level of activity, sales equaled 14,200 units, total costs were $83,300. Georgia would estimate variable cost per unit as: Multiple Choice O $5.40 $6.95 O O O $4.25 O O $5.87
McNeil uses the high-low method of estimating costs. McNeil had total costs of $57,500 at its lowest level of activity, when 6,000 units were sold. When, at its highest level of activity, sales equaled 9,000 units, total costs were $71,000. What would McNeil estimate its total cost to be if sales equaled 7,950 units? O $88,000 O $35,775 O $51,500 O $66,275
McNeil uses the high-low method of estimating costs. McNeil had total costs of $51,000 at its lowest level of activity, when 5,500 units were sold. When, at its highest level of activity, sales equaled 10,500 units, total costs were $79,000. What would McNeil estimate its total cost to be if sales equaled 8,500 units? Multiple Choice C S67,800 O s47,600 O 571200 O S41700
Winston uses the high-low method. It had an average cost per unit of $5.30 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $3.70 at its highest level of activity when sales equaled 20,000 units. What would Winston estimate its total cost to be if sales equaled 9,000 units? Multiple Choice Ο S50, 900 Ο Ο S32,000 Ο 518 900
Lark, which uses the high-low method, had total costs of $30,490 at its lowest level of activity when 10,500 units were sold. When, at its highest level of activity, sales equaled 16,700 units, total costs were $39,790. Lark would estimate fixed costs as: 0 $9,300 O $54,040 $14,740 O $68,080
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