Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am supposed to find Fixed Amount using High-low Method. I find the High and the Low but stuck on how to move forward. 120
I am supposed to find Fixed Amount using High-low Method. I find the High and the Low but stuck on how to move forward.
120 Professional Hours 150 Professional Hours Salaries: Senior accountant $2,500 $2,500 Office assistant 1,200 1,200 Internet and software subscriptions 700 Consulting by senior partner 1,200 Depreciation (equipment) 2,400 850 1,500 2,400 1,100 500 Supplies 905 Administration 500 Rent (offices) 2,000 2,000 Utilities 332 365 2. Use the high-low method to separate the mixed costs into their fixed and variable components. (Note: Round variable rates to two decimal places and fixed amounts to the nearest dollar.) Components Mixed Cost Variable Rate Fixed Amount Internet and software subscriptions A A Supplies A Utilities AStep 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