Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer will thumbs up!! Hallaway Inc. operates a chain of shops. The company's chief executive officer is interested in accumulating some information on the

please answer will thumbs up!!
image text in transcribed
image text in transcribed
image text in transcribed
Hallaway Inc. operates a chain of shops. The company's chief executive officer is interested in accumulating some information on the utility costs incurred by the company You have been asked to analyze the following twelve months' data. Month Utility Cost Number of Units January 10,200 15,000 February $ 10,600 15,600 March $ 11,300 16,000 April $ 12,600 18,400 May $ 12,800 19,600 June $ 13,400 21,600 July $ 14,070 23,600 August $ 14,000 22,400 September $ 12,400 19,000 October $ 12,200 18,000 November $ 11,200 17,000 December $ 11,800 18,000 Required: Using the high-low method answer the below noted questions. Using the high-low method answer the below noted questions. The variable rate is $ per unit. Round your answer to the nearest penny. A/ Using the variable rate you entered above, the fixed cost per month is $ Round your answer to the nearest dollar. The CEO would like to understand what the advantages and disadvantages of the high-low method. From the list provided below, select the advantage of the high-low method. Enter the LETTER into the space provided. For instance, if you choose (B), enter the letter The CEO would like to understand what the advantages and disadvantages of the high-low method From the list provided below, select the advantage of the high-low method. Enter the LETTER into the space provided. For instance, if you choose (B), enter the letter B Listing of choices (A) This method uses two data points. (B) This method is objective. (C) This method uses all data points. (D) This method is subjective, (E) This method excludes outliers automatically

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

Payroll Accounting 2020

Authors: Jeanette Landin

6th Edition

1260247961, 9781260247961

More Books

Students also viewed these Accounting questions