Georgia uses the high-ow method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity,when 5,000 units were sold. When, at its highest level of activity, sales equaled 10,000 units, total costs were $78,000.Georgia would estimate variable cost per unit as:O $14.00O $9.10O $5.60O $10.54

Name: Georgia uses the high-ow method of estimating costs. Georgia had tota
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Georgia uses the high-ow method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity,when 5,000 units were sold. When, at its highest level of activity, sales equaled 10,000 units, total costs were $78,000.Georgia

The high low method is sued to segregate mixed costs into variable and fixed costs by comparing…

Business

Accounting

Georgia uses the high-low method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity, when 5,000 uitswere sold. When, at its highest level of activity, sales equaled 10,000 units, total costs were $78,000. Georgia would estimate variable cost per unit as: O $14.00 O $9.10 O $560 O $10.54

Georgia uses the high-low method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity, when 5,000 uitswere sold. When, at its highest level of activity, sales equaled 10,000 units, total costs were $78,000. Georgia would estimate variable cost per unit as: O $14.00 O $9.10 O $560 O $10.54

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Georgia uses the high-low method of estimating costs. Georgia had total costs of $16,100 at its lowest level of activity, when 5,500 units were sold. When, at its highest level of activity, sales equaled 18,300 units, total costs were $80,100. Georgia would estimate variable cost per unit as: Multiple Choice • $5.00 • $2.93 • $4.04 $4.38
Basel uses the high-low method of estimating costs. Basel had total costs of $50,000 at its lowest level of activity, when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, and total costs were $78,000. Basel would estimate variable cost per unit as O a. $ 10 O b. $6.50 ○ c. $ 7.53 d. $4
Ajax uses the high-low method of estimating costs. Ajax had total costs of $50 000 at its lowest level of activity, when 5 000 units were sold. When, at its highest level of activity, sales equaled 12 000 units, total costs were $78 000. Ajax would estimate fixed costs as:
Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $26,450 at its lowest level of activity, when 7,100 units were sold. When, at its highest level of activity, sales equaled 12,700 units, total costs were $39,890. What would be the estimated variable cost per unit be?
Ajax uses the high-low method of estimating costs. Ajax had total costs of $50 000 at its lowest level of activity, when 5 000 units were sold. When, at its highest level of activity, sales equalled 12 000 units, total costs were $78 000. Ajax would estimate variable cost per unit as
The Miramichi Company uses the high-low method to estimate its cost function. The information for the current year is provided below: Highest observation of cost driver Lowest observation of cost driver $12,500 Machine-hours a. O b. $0 O C. $25,000 O d. $125,000 O e. $225,000 2,000 1,000 What is the constant for the estimating cost equation? Costs $225,000 $125,000
The following information is for LaPlanche Industries Inc.: East West Sales volume (units): Product XX 45,000 38,000 Product YY 60,000 50,000 Sales price: Product XX $700 $660 Product YY $728 $720 Variable cost per unit: Product XX $336 $336 Product YY $360 $360 a. Determine the contribution margin for the Product YY.$ b. Determine the contribution margin for the West Region.
Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $126 per unit, and fixed manufacturing costs are $157,500. Sales are estimated to be 10,000 units. If an amount is zero, enter "O" a. How much would absorption costing operating income differ between a plan to produce 10,000 units and a plan to produce 15,000 units? 141.75 X b. How much would variable costing operating income differ between the two production plans? 136.5 X
Meadow uses the high-low method, had total costs of $300,250 at its lowest level of activity when 10,500 units were sold. When, at its highest level of activity, sales equaled 16,700 units, total costs were $397,900. Meadow would estimate fixed costs as: $262,525 $97,650 $134,875 Ⓒ$485,050
4. J Company uses the high-low method of estimating costs. Ajax had total costs of $50,000 at its lowest level of activity, when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, total costs were $78,000. What would Ajax estimate its total cost to be if sales equaled 8,000 units? a) $32,000 b) $52,000 c) $62,000 d) $80,000
XYZ Company uses the high low method to analyze the mixed cost. According to the cost formula derived, the total fixed cost is $10,000. Total cost at the high level of activity was $73,000 and at the low level of activity was $25,000. If the low level of activity was 2,500 units, what was the high level of activity in units? Select one: O a. 10,500 O b. 11,500 O c. None of the answers given O d. 7,300 O e. 11,000
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $175; Variable costs per unit includes: Direct material $60, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $45,000. What is the contribution margin percentage? O a. 56.6% O b. 61.1% O c. None of the given answers d. 50.9% Ое. 49.1%