Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me find the fixed cost with the high low method a. Are the fixed costs and variable costs per unit the same for

image text in transcribed

please help me find the fixed cost with the high low method

a. Are the fixed costs and variable costs per unit the same for private and public universities? Include in your answer the equation for both the private and public universities. The fixed and variable between private and public is different from one another. We used the high low method for both private and public for the equation. Private: BYU (HIGH) Total Undergrad: 28004.5 {Total Exp:227683622} UChicago (LOW) Total Undergrad: 3359.5 {Total Exp: 129811013) 97,872,609/24,645 = 3,971.30 Use y=a+bx a= fixed cost, b= variable(3971.3) | Public: Michigan State (High) Total Undergrad: 28700 {Total Exp: 331924000) University of Virginia (Low) Total Undergrad: 11335 {Total Exp: 184121995) 147,802,005/17,365= 8,511.49 Use y=a+bx y is the total expend , a=fixed cost, b= variable(8,511.49) x= total underg

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_2

Step: 3

blur-text-image_3

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

Essentials Of Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Al Arens

1st Edition

0130463035, 9780130463036

More Books

Students also viewed these Accounting questions

Question

Explain key aspects of e-learning

Answered: 1 week ago

Question

To what extent can OL ideas help this organization?

Answered: 1 week ago