Question
Attawfik Company is developing a cost function for its total costs using the high-low method. The following data have beencollected for the past year: Total
Attawfik Company is developing a cost function for its total costs using the high-low method. The following data have beencollected for the past year:
Total
Quarter Units Costs
1 5,000$ 745
2 6,500 820
3 7,000 850
4 8,000 1,000
Calculate the following amounts:
a.The variable cost per unit
b.The fixed cost
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Auditing Principles
Authors: Howard F. Stettler
3rd Edition
0130521183, 9780130521187
