Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(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:

image text in transcribed

(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)

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_2

Step: 3

blur-text-image_3

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

Sound Investing, Chapter 24 - The Auditors??? Opinion

Authors: Kate Mooney

2nd Edition

0071719466, 9780071719469

More Books

Students also viewed these Accounting questions

Question

600 lb 20 0.5 ft 30 30 5 ft

Answered: 1 week ago

Question

discuss different sources of numerical data;

Answered: 1 week ago

Question

design and evaluate an effective survey instrument;

Answered: 1 week ago

Question

administer a survey to an appropriate sample of respondents;

Answered: 1 week ago