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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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Answer:

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1. The cause-and-effect diagram also known as the Ishikawa diagram is used by organizations to find out the likely causes of unwanted problems. This diagram traces the roots of problems and helps managers discover the potential causes of these problems. The four M's that form the bone of the diagram to which other causes are traced include the;

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3 years ago
What are the 3 documents mortgage lenders are required to give you by law?
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A mission statement should include the following​ components: A. ​Customers, products/services,​ markets, and competitors B. ​Su
ivanzaharov [21]

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The correct answer is (a)

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Sophie Company is considering closing one of its product lines. Current data on the product line are as follows. Sales revenue $
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Company's net income will increase by $2500 if the product line is discontinued.

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contribution margin               6000

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directed fixed costs                7000

allocated fixed costs               5000

net income                             -6000

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rental revenue                           1500

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