What is the total fixed costusing the high - Low Method if the variable cost per unit was t cents? Labour hours Repair Expense 1, 450 $1,300 1,020 $7.400 550 9800 Select one: A. $393 B. $654.20.C. $ 645.20 O D. $227
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- Which of the following types of cost is shown in this table of cost data? Cost per Unit $6,000 3,000 2,000 1,500 b. fixed cost Number of Units C. variable cost d. period cost 1 A WN 2 3 4I'se the following information to answer questions 1-6. Selling price per unit Luriable manufacturing cost per unit Fixed manufacturing cost per unit V'ariable selling cost per unit Fixed selling cost per unit Expected production and sales P100 20 30 25 10 1,000 units 1. Contribution margin per unit is a. P50 b. P55 с. Р80 d. P15 2. The contribution margin ratio is a. 45% b. 50% c. 55% d. 15%Marked out of O b. $1.66 1.00 O c. $3.33 P Flag O d. $2.66 question O e. $4.16 Question 20 If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin ratio is: (rounded to the nearest number) Not yet O a. 67% answered O b. 13% Marked out of 1.00 O c. 33% P Flag O d. 54% question O e. None of the given answers 0 al - eT:4 TOSHIBA
- Determine the missing amounts UNIT SELLING PRICE UNIT VARIABLE COSTS UNIT CONTRIBUTION MARGIN CONTRIBUTION MARGIN RATIO $550 $330 (a)$___ (b) ___% $250 (c) $___ $110 (d) ___% (e) $___ (f) $___ $960 40%Determine the missing amounts. Unit Selling Unit Variable Unit Contribution Co Price Costs Margin 1. $550 $231 $ (a) $450 $ (c) $216 (e) (f) $360 %24 %24 %24 %24 2. 3.J a) You are given the cost and volume information below:+ VolumeCost+ 1 unit 10 units 100 units $ 15+ 150+ 1500 What type of a cost is given?+ a. fixed cost+ b. variable cost+ c. step cost+ d. mixed cost+ e. rent cost.
- 4) Determine the missing amounts. Contribution Contribution Unit Selling Price Unit Variable Costs Margin Per Unit Margin Ratio 1. $300 $180 A в 2. $600 C $210 D 3. E F $300 30%K In the equation y = $7.20x + $250,250, O A. $250,250 are the total costs. OB. $250,250 are the total fixed costs. OC. $250,250 are the total overhead costs. OD. $250,250 are the total variable costs. 4Given the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50
- The McGraw Company is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested that linear regression be employed to derive an equation in the form of y = a + bx for maintenance costs. Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows: (CMA adapted) Hours of January February March April May June July August September October November December Sum Average A coefficient B coefficient Standard error of the a coefficient Standard error of the b coefficient Standard error of the estimate R² T-value a T-value b Activity 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 49.515 0.12126 Maintenance Costs 4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 $ $ 43,200 3,600 684.65 7.2884 34.469 0.99724 13.827 60.105 What is the variable cost per hour using the high-low…Which of the following costs are variable? Cost 2,000 UNITS 2,500 UNITS 1 P 100,000 P 125,000 2 40,000 75,000 3 80,000 100,000 4 60,000 60,000 a. 1 and 2b. 1,2 and 3c. 1 and 3d. 1 and 4If the total cost function is y = 6,300 + 2X, calculate the variable cost for 4,400 units. A. $8,800 B. $6,300 C. $12,600 O D. $15,100 O O