Anaconda Mining Company shipped 9,000 tons of copper concentrate for $450,000 in March and 11,000 tons for $549,000 in April.Use the high-low method to estimate the shipping costs for 12,000 tons to be shipped in May.
A) $548,780.
B) $549,020.
C) $594,000.
D) $598,500.FC = 450,000 - 9,000 * 49.50 = $4,500
Correct Answer:
Verified
Q3: Shipping expense is $9,000 for 8,000 kilograms
Q4: The following data pertain to activity and
Q6: Expense A is a fixed cost;expense B
Q6: Within the relevant range of activity,how will
Q8: Which costs will change with a decrease
Q9: What does the term "relevant range" mean?
A)
Q12: What are discretionary fixed costs?
A) They vary
Q14: Which of the following is an example
Q15: An analysis of past maintenance costs indicates
Q18: Contribution margin is the excess of revenues
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents