The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 8,600 $ 19, 780 ? 16, 738 $ 68, 218 August 13, 760 $? 31,700 ? $86,949 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 10,893 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c.

The following data have been extracted from the records of Puzzle Incorporated: Production level, in units Variable costs Fixed costs Mixed costs Total costs Required: February 8,600 $ 19, 780 ? 16, 738 $ 68, 218 August 13, 760 $? 31,700 ? $86,949 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 10,893 units. d. Identify the two key cost behavior assumptions made in the calculation of your answer to part c.

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Description: only typed solution The following data have been extracted from the records of Puzzle Incorporated:Production level, in unitsVariable costsFixed costsMixed costsTotal costsRequired:February8,600$ 19,78016,738$ 68,218August13,760$ ?31,700$ 86,949a. Ca

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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