Calculate variable cost per unit and estimated fixed cost, Accounting Basics

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Calculate variable cost per unit and estimated fixed cost

Gabel Industries has collected the following data in order to analyze the behavior of their costs: Jan: 8750 units, 40500 total cost. Feb: 13750 units, 41500 total. March: 12500 units, 45000 total. April: 17500 units, 41500 total. May: 23750 units, 45500 total. June: 11500 units, 38500 total.

A. Using the high-low method, calculate the variable cost per unit and estimated fixed costs.

B. Using the resulting relationship, predict the costs if they produce 18,500 units in a future period.

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Accounting Basics: Calculate variable cost per unit and estimated fixed cost

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Accounting Basics: Calculate variable cost per unit and estimated fixed cost

Reference No:- TGS0670678

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculate variable cost per unit and estimated fixed cost

Reference No:- TGS0670678

Recent Questions Asked Accounting Basics

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