Help 11 A A2 Wrap Text Format Painter . B 1 u. ?.5-a- ? ?Merge & Center, $, % ,
ID: 2405493 • Letter: H
Question
Help 11 A A2 Wrap Text Format Painter . B 1 u. ?.5-a- ? ?Merge & Center, $, % , ?? Calibri General H Copy Paste 960 00 Clipboard Font Alignment Number N52 45 c. How many units of product did Trident sell in 2017? 47 Requirement 2: YearSales in Units Billing Costs 48 Billing costs for the past 5 years, along with total units sold follows: 49 2016 2015 2014 2013 212 23,8503,375 22,000 S 3,156 21,000 22,750 $ 23,000 3,309 50 $3,033 52 53 Use the high-low method to calculate the following: Show your work in this area: ANSWER: 55 a. Variable billing cost per unit 56 57 58 b. Total fixed billing costs 59 3375-3033-342 23850-21000-2850 342/2850-0.12 0.12 61 c. Total cost equation for billing costs 62 63 d. Determine total billing costs for 2017 based on the cost equation in 2)c. above and the total number of units sold in 2017 64 65 Insert your answer for 2)d. in the income statement above in the blank provided for Billing (Unknown B)Explanation / Answer
a.) Variable billing cost per unit : billing costs / no of units i.e., (3375-3033) / (23,850-21,000) = $0.12
b.) Total Fixed billing costs : $3,375 - ($0.12 *23,850 units ) =$513
c.) Total cost equation for billing costs : let Y be the costs X is the variable cost. hence the equation as follows : Y = 0.12 X + 513
d.) Total billing cost for 2017 : Y = $0.12 (25,000 ) + 513 i.e., $3,513.
(for 25,000 units 350,000/14)
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