Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve this. also can you show how you got total terrible cost at highest volume, total fix cost in total cost and the total
please solve this. also can you show how you got total terrible cost at highest volume, total fix cost in total cost and the total coat at the lowest volume
The following information is available for a company's maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Using the high-low method, estimate both the fixed and variable components of its maintenance cost. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ High-Low method - Calculation of variabie cost per unit produced } \\ \hline \multicolumn{1}{|c|}{ Cost at highest volume - Cost at lowest volume } & $ \\ \hline Cost at lowest volume - Cost at highest volume \\ \hline Total cost at the highest volume \\ \hline Variable costs at highest volume: \\ \hline Highest volume \\ \hline Variable cost per unit produced & $ \\ \hline Total variable costs at highest volume & \\ \hline Total fixed costs & \\ \hline Total cost at the lowest volume \\ \hline Variable costs at lowest volume: & \\ \hline Lowest volume & \\ \hline Variable cost per unit produced & \\ \hline Total variable costs at lowest volume \\ \hline Total fixed costs \\ \hline \end{tabular} The following information is available for a company's maintenance cost over the last seven months. Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Using the high-low method, estimate both the fixed and variable components of its maintenance cost. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ High-Low method - Calculation of variabie cost per unit produced } \\ \hline \multicolumn{1}{|c|}{ Cost at highest volume - Cost at lowest volume } & $ \\ \hline Cost at lowest volume - Cost at highest volume \\ \hline Total cost at the highest volume \\ \hline Variable costs at highest volume: \\ \hline Highest volume \\ \hline Variable cost per unit produced & $ \\ \hline Total variable costs at highest volume & \\ \hline Total fixed costs & \\ \hline Total cost at the lowest volume \\ \hline Variable costs at lowest volume: & \\ \hline Lowest volume & \\ \hline Variable cost per unit produced & \\ \hline Total variable costs at lowest volume \\ \hline Total fixed costs \\ \hline \end{tabular} Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started