Question
Hi, could someone please give me explanation and guide me steps to do these questions? Thank you very much! 7) Using the high-low method to
Hi, could someone please give me explanation and guide me steps to do these questions? Thank you very much!
7) Using the high-low method to split mixed costs, the variable rate is found to be $3 per hour and the high point is 200 hours at a total cost of $1,800. What is the fixed cost at 350 hours?
a) $600
b) $750
c) $1,050
d) $1,200
8) Using the information from Question 7. What is the total variable cost at 350 hours?
a) $600
b) $750
c) $1,050
d) $1,200
9) Using the information from Question 7. What is the estimated total cost at 350 hours?
a) $2,850
b) $3,000
c) $1,800
d) $2,250
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