XYZ Company incurred the following costs for the month of August when it observed an activity level of 10,000 units.During October, the activity level was 16,000 units, and the total costs incurred were $150,000.a. Calculate the variable costs, fixed costs, and mixed costs incurred during October.b. Use the high-low method to calculate the cost formula for mixed costs.c. If the activity level were expected to be 13,800 units for the month of December, what amount of total costs would be expected?
Definitions:
Multiechelon Supply Chain
A complex supply chain structure involving multiple levels of suppliers, manufacturers, and distribution centers.
Integer Rule
A mathematical principle that states solutions to certain problems must be whole numbers, commonly applied in optimization and scheduling.
Distributor
An intermediary entity in the supply chain that buys products from manufacturers or wholesalers and sells them to retailers or direct to consumers.
Lot Sizing Decisions
The process of determining the optimal order quantity that minimizes total inventory costs, including ordering, holding, and stockout costs.
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