Question
8. The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales January 1,200
8. The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales
January 1,200 $43,000
February 800 $37,000
March 1,600 $49,000
April 2,400 $61,000
Use the high-low method to estimate the fixed and variable components of the cost of sales.
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Auditing A Practical Approach With Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
2nd Edition
1119786045, 978-1119785996
