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(24 marks) Question 2 P320 Unit 9 Lindani cc is preparing its budget for the year to 31 December 2017 The following information was prepared:
(24 marks) Question 2 P320 Unit 9 Lindani cc is preparing its budget for the year to 31 December 2017 The following information was prepared: Month January February March April May June July August September October November December Total Average Machine hours '000 20,40 18,00 20,40 23,40 25,20 19,20 15,60 15,60 18,60 21,00 25,80 28,80 252,00 21,00 Fuel Expense R 1000 R 384,00 R 372.00 R 372.00 R 354,00 R 300,00 R 318,00 R 300,00 R 300,00 R 318,00 R 330,00 R 348,00 408,00 R 4 104,00 R 342,00 Required: Estimate the fixed and variable components of fuel expense using the above data by applying the 2.1 High-low method (9 marks)
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