Ziegler Inc. has decided to use 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: Units Produced Total Costs 2,600 $295,200 4,690 399,830 6,600 459,200 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: per unit b. Based on part (a), estimate the total cost for 3,310 units of production. Total cost for 3,310 units:
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- High-Low Method Tashiro Inc. has decided to use 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: Units Produced Total Costs 3,910 71 1,610 2,820 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost b. Based on part (a), estimate the total cost for 1,990 units of production. $128,800 82,800 103,680 Total cost for 1,990 units: $ $ per unitDESCOR High-low method Evander Inc. has decided to use 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: Units Produced Total Costs 1,150 2,020 3,450 $169,740 229,900 264,040 a. Determine the variable cost per unit and the total fixed cost. Variable cost s Total fixed cost s b. Based on part (a), estimate the total cost for 1,660 units of production. Total cost for 1,660 unitsGiven the output (quantity), total fíxed cost and total cost (in RO) in the following table:- Ouantity Total Fixed Total Variable Total Cost Marginal Average Average Total Cost Cost тC Cost Variable Cost Cost TFC TVC MC AVC AC 10 10 10 20 10 28 3 10 34 10 38 5 10 42 10 48 10 56 10 72 Calculate Total Variable cost (TVC) , Average variable cost (AVC), Average cost (AC) and marginal cost (MC) (show your work) Draw only the Average variable cost (AVC) and Marginal Cost (MC) curves. 2.
- Fixed cost per unit ______ A. Can be estimated by the high - low method. B. Remains the same when the level of activity changes. C. Are represented by the slope of the total cost line. D. All of the above answers are correct.! Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced 0 560 960 123456789 10 1,360 1,760 2,160 2,560 2,960 3,360 3,760 Total Costs $ 4,660 3,960 4,360 4,960 4,060 4,260 8,760 16,160 4,960 11,992 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 2,440 units are produced.Your boss would like you to estimate the fixed and variable components of a particular cost Actual data for this cost over four recent periods appear below. Activity Cost Period 1 22 235 Period 2 23 243 Period 3 25 255 Period 4 20 227 Using the least-squares regression method, what is the cost formula for this cost? Y = P107.45 + P5.89X O Y = P0.00 + P10.67X O Y = P111.92 + P5.69X O Y = P120.81 + P3.56X
- Choose the correct letter of answer On a scattergrap, the diagonal line cuts across two sets of observations, namely: 600:200, and 900:500 which refer to costs and units, respectively. The fixed costs is plotted in the graph at P400. In this case, the variable cost per unit is equal to: a. P1.00b. P1.25c. P1.50d. P1.12High-low method Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the t cost. The data for various levels of production are as follows: Units Produced Total Costs 2,100 3,770 5,600 $245,700 332,790 382,200 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input answers in the questions below. X Open spreadsheet a. Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ 36 X b. Based on part (a), estimate the total cost for 2,770 units of production. Total cost for 2,770 unitsA. Continental Tyre Corporation is capable of producing 30,000 units of tyres per month. Below is information on production costs at the production levels of 10,000 units and 20,000 units. Production level Cost per unit Cost behaviour 10,000 20,000 Cost Element 10,000 units 20,000 units units units Direct Materials RM 4 RM 4 VARIABLE RM40,000 RM80,000 COST Direct Labor RM 6 RM 6 VARIABLE RM60,000 RM120,000 COST Indirect Materials RM 2 RM 2 VARIABLE RM20,000 RM40,000 COST Factory Utilities RM 1.2 RM 0.9 MIXED RM12,000 RM18,000 COST Factory Rental RM 2 RM 1 FIXED RM20,000 RM20,000 COST RM 2.4 RM 1.2 Factory Equipment Depreciation FIXED COST RM24,000 RM24,000
- Fixed costs per unit _______. .1. can be estimated by the high-low method 2. remains the same when the level of activity changes 3. are represented by the slope of the total cost line. 4. all of the aboveFrom the below given data, which cost has no relationship with the level of output? Type of cost Amounts (OMR) Total cost 6,000 Variable costs 4,000 Semi variable costs 1,000 Fixed cost 1,000 O a. Variable costs O b. Semi variable costs OC. Total cost Od. Fixed costThe high-low method: a. Calculates variable costs per unit by dividing the difference in the high and low activity levels by the high and low costs b. Assumes that the fixed portion of the mixed cost is the lowest monthly cost incurred during the period under consideration c. Allows differentiation between fixed and variable costs when dealing with mixed costs d. Combines the fixed and variable portions of a cost to determine the total cost