Anthem unit 4 11 7 Read Chapter 11, Exercise - 19815

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Anthem unit 4 11 7 Read Chapter 11, Exercise 7 (E11-7) on page 451 of the textbook and complete the attached template

 

Shatner Inc .has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows:

Units Produced   7,500                Total Cost   $600,000

                           12,500                                   $ 725,000

                           20,000                                    $ 800,000

 

A, Determine the variable cost per unit and the fixed cost.

B. Based on part (a) estimate the total cost for 10,000 units of production.

 

 

Exercise 11-7

Name: Section:

 

Score:  0%

 

 

 

Instructions

Answers are entered in the cells with gray backgrounds.

Cells with non-gray backgrounds are protected and cannot be edited.

 

A red asterisk (*) will appear in the row immediately to the right of an incorrect answer.

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20,000                          

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