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Parametric Manufacturer, a brick manufacturer, wishes to estimate the fixed and variable cost of their products delivery activity. The assistant accountant of the company has

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Parametric Manufacturer, a brick manufacturer, wishes to estimate the fixed and variable cost of their products delivery activity. The assistant accountant of the company has gathered the following information: Number of bricks delivered Total Transportation cost (RM) 500 3,400 1000 4,300 750 3,500 600 3,500 900 4,050 1250 4,750 Required: Using high and low method, estimate the fixed and variable components of transportation costs for the bricks. (10 marks) b. Based on the cost formula, estimate the total cost to deliver 700 block of bricks. (5 marks) Explain TWO (2) contrast between management and cost accounting, (5 marks) c

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