Felix & Co. reports the following information about its unit sales and cost of s

Question

Felix & Co. reports the following information about its unit sales and cost of sales Units Sold 2,020 2,420 2,820 3,220 3,620 Cost of Sales $5,520 6,120 6,720 7,320 8,674 Period//Units Sold Cost of Saleslill Period $2,520 3,120 3,720 4,320 4,920 6 420 820 1,220 1,620 2 8 4 5 10 Hint: (Draw an estimated line of cost behavior using a scatter diagram offline) Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method High-Low method-Calculation of variable cost per unit High-Low method-Calculation of fixed costs Total cost at the high point Variable costs at the high point: Volume at the high point 1 of 5 i Next > ere to search HP Support 1-800-490-0334

Explanation / Answer

HIGH LOW METHOD Variable cost per unit: Difference in cost (8674-2520) 6154 (6154/3620) 1.7 Difference in units (3620-0) 3620 CALCULATIONS OF FIXED COST Total cost at high point 8674 variable cocst at high point     Volume at high point 3620     Variable cost per unit 1.7 Total Variable cost at high point 6154 Total fixed cost 2520 Total cost at Llow point Variable cost at low point 2520     Volume at low point 0      Variable cost per unit 1.7 Total Variable cost at low point 0 Total Fixed cost 2520

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.