Monthly total cost equation

Assignment Help Accounting Basics
Reference no: EM13124525

Fontain, Inc. collected the following production data for the past month:

Units Produced Total Cost

1,600 $22,000
1,300 19,000
1,500 22,500
1,100 16,500

If the high-low method is used, what is the monthly total cost equation?

A) Total cost = $4,400 + $11/unit

B) Total cost = $5,500 + $10/unit

C) Total cost = $0 + $15/unit

D) Total cost = $3,300 + $12/unit

Reference no: EM13124525

Questions Cloud

How much is the contribution margin ratio : Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
Determining semidirect product : If H and K are subgroup of G, with K a normal subgroup of G, K intersect H=1 and KH=G, then G is called a semidirect product (or split extention) of K by H.
What is the initial sulfur dioxide concentration : Sulfur dioxide reacts with chlorine at 227 oC: SO2(g) +Cl2(g) ↔ SO2Cl2(g) Kp for this reaction is 5.1 x 10-2 atm-1. Initially, 1.00 g each of SO2 and Cl2 are placed in a 1.00 L reaction vessel.
Exponential population growth-predict the populations : Assuming exponential population growth, predict the populations of China and the U.S. in the years 2100 and 2200. Assuming exponential population growth, approximately when will China's population double?
Monthly total cost equation : If the high-low method is used, what is the monthly total cost equation?
Do national average using statistically significant measure : 4th graders in the US take a standardized test for math. The national average score is 237. Did your state, as represented by your students, out perform the national average using a statistically significant measure?
Overhead rate for machining costs : If computed based on direct labor hours, the overhead rate for machining costs would be $20 per direct labor hour.
What is the concentration of the diluted solution : If 124 mL of 9.50 M nitric acid is diluted to 555 mL, what is the concentration of the diluted solution
Inconsistent or dependent system of equations : Solve the system of linear equations. If the unique solution does not exist state weather the system is inconsistent or dependent.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Legal debt margin for southside city

The State limits the amount of general obligation debt that can be issued by a City to 20% of the assessed value of its taxable property. The assessed value of property in Southside City is $500 million. The legal debt margin for Southside City is

  Determining pension worksheet-journal entries

Using the above information for ABC co., prepare a pension work sheet for 2008. Indicate (credit) entries by parentheses. Calculated amounts should be supported. Prepare the journal entries to reflect the accounting for the company's pension plan f..

  Describing statement of cash flows

A Statement of Cash Flow is the statement which demostrate inflow and outflows of cash and cash equivalents of an enterprise during the particular period.

  Explain why state and local pension experts oppose

Evaluate the GASB's views regarding how the total pension liability should be measured and whether or not you support these views? Explain your rationale.

  Financial impact of buying ct unit

The user has updated the question: User's response: Calculate the financial impact of buying a CT unit that would cost $3.0 million, would have a five-year useful life, would have a 10 percent salvage value.

  Margin of safety as a percentage of sales

Knell Corporation sells a product for $230 per unit. The product's current sales are 33,000 units and its break-even sales are 26,400 units. The margin of safety as a percentage of sales is closest to:

  Operation of the partnership prevail

aesar and Junius orally agreed to become partners in a food testing business. one-half of $80,000, the reasonable value of Caesar’s services during the operation of the partnership. Who will prevail and why?

  Alpha and beta divisions of fraternity corporation

The following information is given for Alpha and Beta Divisions of Fraternity Corporation. If Fraternity Corporation uses ROI to evaluate division managers, and uses historical cost as the investment base, compute the ROI for Alpha and Beta.

  Sufficient understanding and reliable evidence

Auditors should understand the five components of internal control that are sufficient to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and to design the nature, timing, and extent of further ..

  Determine activity-based costing and traditional costing

How would you describe activity based costing? Also, can you explain why it might result in more accurate product costing information than the product cost derived under the traditional costing approach?

  Statistical sampling-non-statistical sampling

Which is better, statistical sampling or non-statistical sampling? Why? Should Generally Accepted Auditing Standards prescribe specific risk levels that auditors must use? Why or why not?

  Determining short sale

Assume you're bearish on Stock Y and decide to sell short 100 shares at the current market price of $30 per share. You earn no interest on the funds in your margin account and the cost of borrowing shares is 0.25%.

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