The following data have been extracted from the records of
Puzzle, Inc.:
February
August
Production level, in units
11,800
25,960
Variable costs
$
33,040
$
?
Fixed costs
?
32,500
Mixed costs
29,120
?
Total costs
$
94,660
$
161,212
Required:
a. Calculate the missing costs. (Do not
round intermediate calculations.)
b. Calculate the cost formula for mixed cost
using the high-low method. (Do not round intermediate
calculations. Round "Variable cost" to 2 decimal
places.)
cost formula _____ + _____...