Question
Pleasant Pools Inc. has the following shipping costs for the last 6 months. Month Km. cost April. 20,000. $11,000 May. 38,000. $15,000 June 42,000. $20,000
Pleasant Pools Inc. has the following shipping costs for the last 6 months.
Month Km. cost April. 20,000. $11,000
May. 38,000. $15,000
June 42,000. $20,000
July 40,000 $17,000
August 45,000. $21,000
Sep. 32,000. $18,000 Required:
- Using the High Low Method, develop a cost equation for the shipping costs for Pleasant Pools Inc.
- Describe what a mixed cost is and explain why this problem demonstrates mixed costs.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
