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please help Hi All, This is your question for Week 3. You will work it together and the group leader will submit by nex Saturday
please help
Hi All, This is your question for Week 3. You will work it together and the group leader will submit by nex Saturday night, 17th February, 2018 Discussion Question The Fuller Company has assembled the following data pertaining to certain costs which cannot be e identified as either fixed or variable. Fuller has heard about two methods of developing cost function called the high-low method & scattergram method and has decided to compare both methods The table below shows monthly data collected on costs and on the number of hours worked over a recent 12-month period. Costs # of Hours 37,000 3,700 1,600 4,100 23,000 37,000 47,000 4,900 33,000 3,300 39,000 4,400 32,000 3,500 33,000 4,000 17,000 1,200 18,000 1,300 22,000 1,800 20,000 1,600 a) Determine the variable cost per hour and the fixed cost using the high-low methodStep by Step Solution
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