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attashe74 [19]
3 years ago
5

Frazier Manufacturing Company collected the following production data for the past month: Units Produced Total Cost 1,600 $44,00

0 1,300 38,000 1,500 42,000 1,100 33,000 If the high-low method is used, what is the monthly total cost equation
Business
1 answer:
Likurg_2 [28]3 years ago
8 0

Answer:

total cost = 22 * x + 8800

Explanation:

The high low method is used to separate the components of variable and fixed cost when there is a mixed cost.

The highlow method calculates the variable cost per unit.

Variable cost per unit = 44000 - 33000 / 1600 - 1100 = $22 per unit

So, total fixed costs are equal to = 44000 - (1600*22) = $8800

We know that the total cost is the function of fixed + variable cost.

So, total cost = 22 * x + 8800

Where x is the number of units produced

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A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fixed costs are $75,000. the total contribution margin is $127500.

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Contribution margin, or greenback contribution per unit, is the selling rate per unit minus the variable price in step with the unit. "Contribution" represents the part of sales revenue that is not consumed through variable expenses and so contributes to the coverage of constant fees.

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