Answered step by step
Verified Expert Solution
Question
1 Approved Answer
MONTH ACTIVITY COST January 450 6,250 February 700 8,600 March 750 9,200 April 525 6,750 May 800 10,000 June 675 8,000 July 600 7,500 August
MONTH | ACTIVITY | COST |
January | 450 | 6,250 |
February | 700 | 8,600 |
March | 750 | 9,200 |
April | 525 | 6,750 |
May | 800 | 10,000 |
June | 675 | 8,000 |
July | 600 | 7,500 |
August | 400 | 6,000 |
- Using the High-Low method, what is the estimate of fixed costs?
ANSWER: ___________________________________________
- Using the Semi-Averages method, what is the estimate of fixed costs?
ANSWER: ___________________________________________
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