PA5-2 (Algo) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2, 5-3] Leslie Sporting...
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PA5-2 (Algo) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2, 5-3] Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from order for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity or sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 475 jerseys. Complete this question by entering your answers in the tabs below. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. Note: Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number
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PA5-2 (Algo) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2, 5-3] Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from order for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity or sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. 4. Using the high-low method results, calculate the store's expected operating cost if it printed 475 jerseys. Complete this question by entering your answers in the tabs below. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. Note: Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number 