Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A careful analysis by Xhosa (Pty) Ltd cost accountant has determined that; if a plane operates for 1 450 kilometres (km) during a month,

image text in transcribed

1. A careful analysis by Xhosa (Pty) Ltd cost accountant has determined that; if a plane operates for 1 450 kilometres (km) during a month, the average semi-variable operating costs is R1.50 per km. If a plane operates only 980 km during a month, the average semi-variable operating costs is R1.95 per km. Using the high-low method, the variable costs per km is calculated as: (Round to two decimal places): a. R0.56. b. R549. c. R1 911. d. R1 362

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Approach

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

3rd Edition

0730364577, 978-0730364573

More Books

Students also viewed these Accounting questions

Question

Which form of proof do you find least persuasive? Why?

Answered: 1 week ago