Question
A company has determined that after reviewing their costs using the high-low method that the total costs of production was $120754 when the variable cost
A company has determined that after reviewing their costs using the high-low method that the total costs of production was $120754 when the variable cost per unit is $12 and the quantity produced was 7247.
Calculate the Fixed Cost. (You are advised that the cost behaviour pattern is linear i.e. could be represented using the formula Y=a+bx.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
