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Exercise D2-11Crane Flower Cart incurred the following monthly costs.Bouquets Sold5,0007,50010,000Balloons...Exercise D2-11Crane Flower Cart incurred...

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Question

Accounting

Exercise D2-11

Crane Flower Cart incurred the following monthly costs.

Bouquets Sold
5,0007,50010,000
Balloons (10 per bouquet)$10,000$14,000$18,000
Insurance$5,000$5,000$5,000
Delivery$5,500$7,750$10,000
Employee compensation$10,000$12,500$15,000
Advertising$1,500$1,500$1,500


Using the form y = mx + b, estimate the cost formula foreach cost incurred by Crane Flower Cart. (Round unitcost to 2 decimal places, e.g. 52.75. If the cost equation has novariable component enter 0 for the amount.)

Balloons

Insurance

Delivery

Employee Compensation

Advertising

Answer & Explanation Solved by verified expert
4.0 Ratings (400 Votes)
Answer As per Highlow method Variable Cost per Unit y2 y1 x2 x1 Total Cost at Highest Level of Activity y2 Total Cost at Lowest Level of Activity y1 Total Units at Highest Level of Activity x2 Total Units at Lowest Level of Activity x1 Total Cost b mx Total Cost Fixed Cost Variable Cost per Unit Units Balloons Total Cost at Highest Level of Activity y2 18000 Total Cost    See Answer
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Transcribed Image Text

In: AccountingExercise D2-11Crane Flower Cart incurred the following monthly costs.Bouquets Sold5,0007,50010,000Balloons...Exercise D2-11Crane Flower Cart incurred the following monthly costs.Bouquets Sold5,0007,50010,000Balloons (10 per bouquet)$10,000$14,000$18,000Insurance$5,000$5,000$5,000Delivery$5,500$7,750$10,000Employee compensation$10,000$12,500$15,000Advertising$1,500$1,500$1,500Using the form y = mx + b, estimate the cost formula foreach cost incurred by Crane Flower Cart. (Round unitcost to 2 decimal places, e.g. 52.75. If the cost equation has novariable component enter 0 for the amount.)BalloonsInsuranceDeliveryEmployee CompensationAdvertising

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