Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part B Match the items below Mixed costs Variable costs Activity index Fixed costs Relevant range High-low method I. Costs that contain both a variable

image text in transcribed

Part B Match the items below Mixed costs Variable costs Activity index Fixed costs Relevant range High-low method I. Costs that contain both a variable and a fixed element 2. Identifies the activity which causes changes in the behavior of costs 3. Costs that vary in total directly and proportionately with changes in the activity level 4. The range over which the company expects to operate during the year S. Costs that remain the same in total regardless of changes in the activity level. 6. A method that uses the total costs incurred at the high and low levels of activity (6 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Interpretation And Application Of International Standards On Auditing

Authors: Steven Collings

1st Edition

0470661127, 978-0470661123

More Books

Students also viewed these Accounting questions