Calculate the variable costs, fixed costs

Assignment Help Accounting Basics
Reference no: EM13135237

XYZ Company incurred the following costs for the month of August when it observed an activity level of 10,000 units.

During October, the activity level was 16,000 units, and the total costs incurred were $150,000.

a. Calculate the variable costs, fixed costs, and mixed costs incurred during October.

b. Use the high-low method to calculate the cost formula for mixed costs.

c. If the activity level were expected to be 13,800 units for the month of December, what amount of total costs would be expected?

Reference no: EM13135237

Questions Cloud

Determine the required sales in dollars to meet the target : Determine break even in dollars for 2011. Determine the required sales in dollars to meet the target net income during 2011. List at least two ways Pitre Company could earn their target net income of $175,000:
Calculate the operating income for july : Preppy Co. makes and sells a single product. The current selling price is $30 per unit. Variable costs are $21 per unit, and fixed expenses total $90,000 per month. Sales volume for July totaled 12,000 units.
How many moles remain unused : if 7.0 moles of sulfur atoms and 10 moles of oxygen molecules are combined to form the maximum amount of sulfur trioxide, how many moles of which reactant remain unused at the end?
What amount of the acquired earnings and profits deficit : What amount of the acquired earnings and profits deficit of $30,000 can be used to offset Shipyard's current earnings and profits for 2011?"
Calculate the variable costs, fixed costs : XYZ Company incurred the following costs for the month of August when it observed an activity level of 10,000 units.
How much travel costs can jackson deduct per year : Jamison owns a cabin in Mammoth and travels there for maintenance three times a year. The round trip to Mammoth from San Diego where Jamison lives, is approximately 450 miles. How much travel costs can Jackson deduct per year related to his renta..
Diameter sphere is embedded in insulation : A 4 m diameter sphere is embedded in insulation. The sphere contains a liquid-ice mixture maintained at 0 deg C. The ambient temperature surrounding the insulation is 25 deg C.
Financially acceptable investment : How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?
Find an estimated life of ten years : Brave Industries is considering buying a machine for $180,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $12,000 each year. The..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Taxpayer sells depreciable business property

A business taxpayer sells depreciable business property with an adjusted basis of $400,000 for $32,000. The taxpayer held the property for more than a year. The taxpayer has an $8000 long term capital loss.

  Evaluate the current requirements for companies

Deduce extant problems with interim reporting and authoritative positions of the issues, and make recommendations you believe would help further resolve the problems. Provide specific examples to support your response.

  Problem regarding investor in common stock

An investor in common stock received dividends in excess of the investor's share of investee's subsequent to the date of the investment. How will the investor's investment account be affected by those dividends under each of the following accounti..

  Examine key factors that impact a company''s decision

Examine key factors that impact a company's decision of whether to pay a dividend and evaluate what you believe is the most significant driver of the decision.

  Calculating ending inventory

Hassan Headgear is a baseball cap shop in Santa Cruz, CA, that began business on April 13, 2008. The company had the following inventory purchase records for the month.

  What is the third characteristic

Recognized gains and losses must be properly classified. Proper classification depends on three characteristics, including the tax status of the property and the holding period of the property. What is the third characteristic?

  Shares of comon stock

Ralite Company had net income for the year of $20 Million. It had 2 Million shares of comon stock outstanding, with a year-end market price of $82 a share. Dividends during the year were $5.74 a share.

  Determine the unemployment taxes

During 2012, Jeff Smallwood worked for two different employers. Until May, he worked for Rowland Construction Company in Cincinnati, Ohio, and earned $22,000. The state unemployment rate for Rowland is 4.6%.

  What exactly is treasury stock

What are the advantages of acquiring the majority of the voting shares of another company rather than acquiring all of its voting stock?

  Diference between the common and preferred stock

Mega Inc, has common stock and 6% preferred stock outstanding as follows: Preferred stock: 10,000 shares, $100 par value, cumulative. Common stock 50,000 shares, $50 par value.

  Prepare the journal entries for the issuance of the bonds

XYZ Company is building a new hockey rink at a cost of $1,500,000. It received a down payment of $500,000 from local businesses in support of the project and now needs to borrow $1,000,000 to complete the project. It therefore decides to issue $1,..

  What procedure the audit team should implement

Assume that you are part of the audit team and assess a client's audit risk as high. Suggest what procedure the audit team should implement to reduce the risk to the firm.

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!

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