User Account

All Pages

Calculate the missing costs

Assignment Help Accounting Basics
Reference no: EM131724433

Question - High-low method-missing amounts

The following data have been extracted from the records of Puzzle, Inc.:

 

February

August

Production level, in units

12,000

$18,000

Variable costs

$21,000

$ ?

Fixed costs

?

31,000

Mixed costs

18,000

?

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.

Reference no: EM131724433

Questions Cloud

Estimate the margin of error for a survey of students : Suppose that a survey of 400 students at your school is conducted to assess student opinion about a new academic honesty policy.
Development methods of growing various invertebrates : Aquaculturists (people who farm marine resources, typically in semi-enclosed areas off the coast) have development methods of growing various invertebrates
Assess the various types of personality measurements : Determine what type of job within the human services sector related to personality psychology is of interest to you.
Develop a proposed budget for the project : Develop a proposed budget for the project - consider hardware, software, upgrades/replacements, and consulting services
Calculate the missing costs : Question - High-low method-missing amounts. Calculate the cost formula for mixed cost using the high-low method
Discuss employees access the essential resources : How do you think employees access the essential resources at the office when they are at a conference or a seminar
Construct a contingency table of counts : Construct a contingency table of counts for the relationship between the SalEst test result and the time of delivery.
When would it be unwise to use either of these methodologies : Would you consider using an Agile methodology such as Scrum or XP in one of your projects
Evaluate and describe any cultural considerations : Examine the major theoretical approaches studied in the class so far (psychodynamic, behavioral, learning, trait and type, and humanistic).

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd