|
The following data have been extracted from the records of Riddle Co.: |
|
July |
December |
|||||
|
Production level, in units |
9,500 |
15,200 |
||||
|
Variable costs |
$ |
23,750 |
$ |
? |
||
|
Fixed costs |
? |
38,600 |
||||
|
Mixed costs |
20,855 |
? |
||||
|
Total costs |
$ |
83,205 |
$ |
107,088 |
||
|
Required: |
|
|
(a) |
Calculate the missing costs. (Do not round your intermediate calculations. Omit the “$” sign in your response.) |
|
July |
December |
|||||
|
Production level, in units |
9,500 |
15,200 |
||||
|
Variable costs |
$ |
23,750 |
$ |
|||
|
Fixed costs |
38,600 |
|||||
|
Mixed costs |
20,855 |
|||||
|
Total costs |
$ |
83,205 |
$ |
107,088 |
||
|
(b) |
Calculate the cost formula for mixed cost using the high low method. (Do not round your intermediate calculations. Round your answer to 2 decimal places. Omit the “$” sign in your response.) |
|
Cost formula |
= |
$ |
+ |
$ |
per unit |