Answered step by step
Verified Expert Solution
Link Copied!

Question

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 January

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 9,000 $15,050 March 4,550 $11,330 February 7,610 13,800 April 9,270 17,938 Calculate the fixed cost element using the high-low method. Ignore the money sign

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

ISE Fundamentals Of Cost Accounting

Authors: William N. Lanen, Shannon Anderson, Michael W. Maher

7th Edition

1265117705, 9781265117702

More Books

Students also viewed these Accounting questions