Fellx & Co. reports the following Information about its unit sales and cost of s

Question

Fellx & Co. reports the following Information about its unit sales and cost of sales. cost of Sales $2,69e 3,752 4,472 S,192 5,912 PeriodUnits sold Period Units Sold 59e 99e 1,39e 1,79e 2,19e 2,59e 2,99e 3,39e 3,79e Cost of Sales $6,632 7,352 8,072 8,792 9,512 4 1e Hint: (Draw an estimated line of cost behavior using a scatter diagram offlne.) Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point Volume at the high point: Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit Total variable costs at the low point Total fixed costs

Explanation / Answer

high low method -Calucation of Variable cost per unit change in cost cost at high point minus cost at low point 6822 variable cost per unit 1.8 change in vomume vol at high point minus volume at high point 3,790 high low method -calucation of the fixed cost total cost of high point 9,512 variable cost at high points Volume at high point 3,790 Variable cost per unit 1.8 total variable cost at high point 6,822 total fixed cost 2,690 total cost at low point 2,690 Variable cost at low point Volume at low point 0 Variable cost per unit 1.8 total variable cost at high point 0 total fixed cost 2,690

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