FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

In applying the high-low method, what is the fixed cost? Month Miles Total Cost January 72000 $102000 February 44000 80000 March 62000 98000 April 88000

In applying the high-low method, what is the fixed cost?

Month Miles Total Cost
January 72000 $102000
February 44000 80000
March 62000 98000
April 88000 130000

$30000

$18000

$22000

$32000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Relapse prevention is a therapeutic strategy wherein the clinician and adolescent anticipate relapse and develop a plan for responding if relapse should occur.

Answered: 1 week ago

Question

★★★★★
Janet buys a years membership in a new spa and exercise gym that has just opened. She pays $500 with her credit card. Less than one month later the business closes its doors, leaving 450 members...

Answered: 1 week ago

Question

★★★★★
MANUFACTURAL ACCOUNTS Ayanda Zondo is an employee of Bedrock whose wages are paid fortnightly. The following schedule relates to his work clock for the past two weeks of July 2022. REQUIRED:...

Answered: 1 week ago

Question

★★★★★
Statement of Cash Flows-Indirect Method The rnmnarative halance shept af Merrick Fnuinment Cn for Meremher 31 2nYQ and 2nVR is as fallnwe: 1 Required: Merrick Equipment Co. Statement of Cash Flows...

Answered: 1 week ago

Question

★★★★★
3 00:39:40 Kramer Corp. began the current period with 4,180 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,620 in direct materials and $4,880...

Answered: 1 week ago

Question

★★★★★
Mendez Inc. had the following information for the preceding year. Beginning Ending Inventory Inventory (1/1) (12/31) Work in Process Inventory $ ?? $ 37,000 Finished Goods Inventory $ ?? $ 32,000...

Answered: 1 week ago

Question

★★★★★
The April 30, 2020, bank statement for Comet Company showed a cash balance of $7,700. The cash account in the company's general ledger (G/L), according to the company's records on April 30, had a...

Answered: 1 week ago

Question

★★★★★
You haven't been getting much sleep lately and want to see how you compare to the average CSU student. You plan to sample students and ask them how many hours they sleep per night Then you will use...

Answered: 1 week ago

Question

★★★★★
34. Which of the following producers is employing practices that will support proper annuity product analyses to ensure a product is in the client's best interest? Oa. Kevin, who limits his...

Answered: 1 week ago

Previous Question Next Question