Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $20,320 at its lowest level of activity, when 12,400 units were sold.

image text in transcribedimage text in transcribed

Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $20,320 at its lowest level of activity, when 12,400 units were sold. When, at its highest level of activity, sales equaled 18,400 units, total costs were $39,220. Cardinal would estimate variable cost per unit as: O $1.64 O $1.93 O $2.13 $3.15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditors Letter Handbook

Authors: American Bar Association Business Law Section

2nd Edition

161438973X, 978-1614389736

More Books

Students also viewed these Accounting questions

Question

Perform the indicated multiplications. a 2 bc(2ac 3b 2 c)

Answered: 1 week ago

Question

Persuasive Speaking Organizing Patterns in Persuasive Speaking?

Answered: 1 week ago