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1. High-Low Method. You are requested to help in the preparation of fixed budgets. The study made of the shipping expenses showed the following over
1. High-Low Method. You are requested to help in the preparation of fixed budgets. The study made of the shipping expenses showed the following over a period of time, and there is no indication that past trends will change in the future:
Sales Volume 10,300
11,700 13,500 27,500
9,300
9,700 14,000 15,000 10,000 10,500
Shipping Expense P3,090
3,100 3,330 5,850 2,889 2,910 4,170 4,200 2,900 3,225
Required:
(a) Variable cost per unit
(b) Thefixedcostportion
(c) The total amount of shipping expense, assuming that the sales volume is 11,300.
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