Crane Company used high-low data from June and July to determine its variable cost of $10...
Crane Company used high-low data from June and July to determine its variable cost of $10 per unit. Additional information follows: Month Units produced Total costs June 2300 $35000 July 1000 23000 If Crane’s produces 2600 units in August, how much is its total cost expected to be?
$8364
$38000
$36000
$24000
Homework Answers
| Fixed cost | 12000 | =35000-(2300*10) |
| Expected cost for August: | ||
| Variable cost | 26000 | =2600*10 |
| Fixed cost | 12000 | |
| Expected cost for August | 38000 | |
| Option B $38000 is correct |
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