Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Deines Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Kilometres Driven Total Cost Kilometres Driven Total Cost

image text in transcribed

Deines Company accumulates the following data concerning a mixed cost, using kilometres as the activity level: Kilometres Driven Total Cost Kilometres Driven Total Cost January 8,300 $14,150 March 4,400 $11,730 February 7,780 14,400 April 8,450 17,238 Calculate the variable cost per unit using the high-low method. (Round variable cost per unit to 2 decimal places, eg. 12.2 Variable cost $ per kilometre Calculate the fixed cost element using the high-low method. Fixed cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Managerial Accounting

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

3rd edition

978-0077826482

Students also viewed these Accounting questions

Question

To identify the kinds of breaches possible in e-commerce. LO.1

Answered: 1 week ago