Show Your Work For Calculated Problems And Type Answers ✓ Solved

Show Your Work For Calculated Problemstype Answers For Example Ea4

Show your work for calculated problems. Type answers, for example, #EA4, directly into a worksheet within a workbook in Excel - label the worksheet the same as the problem. Use the following resources below as a guide. You're also welcome to find other content on YouTube to guide your understanding. High-Low Method: to an external site. Costs to an external site. or to an external site. or to an external site.

Sample Paper For Above instruction

The purpose of this assignment is to demonstrate your ability to solve calculated problems involving the high-low method, a technique used in cost behavior analysis. You are required to show your detailed work, type the final answer in the designated Excel worksheet, and properly label each worksheet with the corresponding problem number. This process not only ensures clarity in your understanding but also facilitates accurate grading.

In this exercise, you will analyze cost data by applying the high-low method, which involves identifying the highest and lowest activity levels and their associated costs. This method helps estimate the variable and fixed components of a total cost. You should first gather the relevant data points—specifically, the total costs at different activity levels—and then perform the necessary calculations to determine the variable cost per unit and the total fixed costs.

To complete this assignment effectively, refer to the specific online resources provided as guides, such as tutorials on the high-low method available on external sites or educational videos on YouTube. These resources will help clarify how to identify the high and low activity levels, calculate the variable cost per unit, and compute the fixed costs.

Once the calculations are performed, type your answers (e.g., #EA4) directly into the Excel worksheet designated for each problem. Ensure that the worksheet is labeled exactly the same as the problem number to maintain organization and facilitate easy review. For example, if the problem is labeled EA4, then the worksheet should also be titled EA4.

Accurate documentation of your work, including all calculations and the reasoning process, is crucial. This demonstrates your understanding of the high-low method and supports the clarity of your final answer. Remember to review your work for accuracy before submitting.

References

  • Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2020). Managerial Accounting (16th ed.). McGraw-Hill Education.
  • Horngren, C. T., Datar, S. M., & Rajan, M. (2018). Cost Accounting: A Managerial Emphasis (16th ed.). Pearson.
  • Drury, C. (2018). Management and Cost Accounting (10th ed.). Cengage Learning.
  • Hilton, R. W., & Platt, D. E. (2016). Managerial Accounting: Creating Value in a Dynamic Business Environment (11th ed.). McGraw-Hill Education.
  • Wikipedia contributors. (2020). High-low method. In Wikipedia. https://en.wikipedia.org/wiki/High-low_method
  • AccountingCoach. (2022). High-Low Method. Retrieved from https://www.accountingcoach.com/
  • Investopedia. (2021). High-Low Method. https://www.investopedia.com/terms/h/highlowmethod.asp
  • BizFluent. (2020). How to Calculate the High-Low Method of Cost Estimation. https://bizfluent.com/
  • Accounting Tools. (2023). Cost Behavior Analysis and High-Low Method. https://www.accountingtools.com/
  • YouTube. (2022). High-Low Method Tutorial. [Video]. https://www.youtube.com/

Related Assignments