Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please answer all of the following questions and show your work as I will be using this to study and learn. Thank you very much

Please answer all of the following questions and show your work as I will be using this to study and learn. Thank you very much in advance.

image text in transcribedimage text in transcribedimage text in transcribed

Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $30,180 at its lowest level of activity, when 10,500 units were sold. When, at its highest level of activity, sales equaled 16,700 units, total costs were $39,790. Cardinal would estimate variable cost per unit as $1.55 O $2.38 O $2.87 O $2.57

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