Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a Kowanaso Company Itd has recorded the following data for a semi-variable cost: Activity level Cost incurred Month (units) (GH) January 1,800 36,600 February 2,450
a Kowanaso Company Itd has recorded the following data for a semi-variable cost: Activity level Cost incurred Month (units) (GH) January 1,800 36,600 February 2,450 41,150 March 2,100 38,700 April 2,000 38,000 May 1,750 36,250 June 1,950 37,650 Required: Using the High and Low method determine the following: i. Variable Cost per unit (6 marks) ii. The fixed cost of KOWANASO Ltd for the period of operation (6marks) iii. Define fixed cost and variable cost and state the difference between the two cost types ( 3marks) Total (15 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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