Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Harbor Images has collected the following cost data for various levels of activity: Month Images Created Total Cost August 5,900 $ 5,680 September 7,650 $
Harbor Images has collected the following cost data for various levels of activity:
Month | Images Created | Total Cost | |
August | 5,900 | $ | 5,680 |
September | 7,650 | $ | 6,300 |
October | 8,000 | $ | 9,026 |
November | 4,400 | $ | 5,210 |
a. Using the high-low method, determine the variable cost per image created and the total fixed cost. (Round your variable cost to 2 decimal places.)
Variable cost ( ) per image
fixed cost (. ) per month
b. Estimate the total costs when 6,400 images are created. (Do not round your intermediate calculations.)
total costs (. )
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started