eBook Print item High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc, monitored activities assodated with materials handling costs. The high and low levels of resource usage occurred in September and March for three different resources associated with materials handling. The number of moves is the driver. The total costs of the three resources and the Resource Forklift depreciation: activity output, as measured by moves for the two different levels, are presented as follows: Number of Moves Total Cost Low 5,000 17,000 $3,100 3,100 High Indirect labor: Low High Fuel and oil for forklift: 5,000 $66,000 17,000 128,400 5,000 $3,050 High 17,000 10,370 Required If required, round your answers to two decimal places. Enter a "o" if required. 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: Previous Check My Work 3 more Check My Work uses remaining 816 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreclation: Indirect labor: Fuel and oil for forklift: 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 7,000 moves. Forklift depreciation Indirect labor Fuel and oil for forklift 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal Check My Work 3 more Check My Work uses remaining Previous Next 816 PM 2a/01/2019 ^ ENG eBook Print Itemm Indirect labor: Fuel and oil for forklift: 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 7,000 moves. Forkdift depreciation Indirect labor Fuel and oil for forklift 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places Materials handling cost . Using this formula, predict the total materials handling cost if activity output is 7,000 moves Previous Next Check My Work 3 more Check My Work uses remaining 816 PM ip