Question
Based on performance you have been provided with the following information regarding ABC limited. For the year ended 31st Dec 2004 Labour hours Service cost
Based on performance you have been provided with the following information regarding ABC limited.
For the year ended 31st Dec 2004
Labour hours Service cost
(Activity level) ($)
300 150000
400 155000
350 153000
600 192000
310 151000
800 200000
Required
Develop a total cost function based on the above data using high low method.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
