To follow is information about the units produced and total manufacturing costs for Darryl Rug Company for the past six months.
Darryl Rug Company uses the high-low method to estimate its costs.
Answer the following questions:
1.What is the variable cost per unit?
2.What is the monthly fixed manufacturing cost?
3.Write the cost equation that could be used to predict Darryl Rug Company's total manufacturing costs.
4.What will the total monthly manufacturing costs be if the company produces 28,000 units?
Definitions:
Partnership Profits
Partnership profits refer to the net earnings generated from the operations of a partnership, which are shared among partners according to their partnership agreement.
Ownership Interest
A share or stake in a company or property, indicating the holder's rights to its assets and profits.
Partnership Interest
An ownership share in a partnership that represents the holder's claim on assets and income.
Capital Balance
The amount of equity a person or entity has in an asset after deducting all liabilities associated with that asset.
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