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Applying the hi low method determine fixed costs and variable costs per unit Determine the linear equation in the form of y=mx + b Month
| Applying the hi low method determine fixed costs and variable costs per unit | ||
| Determine the linear equation in the form of y=mx + b | ||
| Month | Miles | Total Cost |
| January | 80,000 | $144,000 |
| February | 50,000 | 120,000 |
| March | 70,000 | 141,000 |
| April | 90,000 | 195,000 |
| Fixed costs | ||
| variable costs per unit | ||
| linear equation in the form of y=mx + b |
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
