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The managerial accountant at Fast and Mean Manufacturing reported that the organization contains an automated production line...

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Accounting

The managerial accountant at Fast and Mean Manufacturingreported that the organization contains an automated productionline to manufacture and produce its products for consumers to enjoyin the marketplace. The managerial accountant reported that thecompany uses the high-low method to estimate the costs in the newbudget. The managerial accountant reported the followinginformation:

Month

Total Machine-Hours

Total Costs

January

250,000

$5,500,000

February

248,000

$5,260,000

March

249,000

$5,400,000

April

248,000

$5,220,000

May

238,000

$5,180,000

June

230,000

$5,130,000

Compute the slope of the mixed cost, or the variable cost perunit of activity.

Compute the vertical intercept, or the fixed cost component ofthe mixed cost.

What is the mixed cost equation?

Answer & Explanation Solved by verified expert
3.5 Ratings (494 Votes)
As per highlow method Variable cost per unit Total Cost at highets leveltotal cost at lowest levelHighest level of activtyLowest level of    See Answer
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