{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T04:37:17-04:00", "answer_date": "2024-06-28 04:37:17", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4239517", "url": "\/study-help\/questions\/prepare-an-estimate-for-the-variable-and-fixed-cost-elements-4239517", "question_creation_date_js": "2024-06-28T04:37:17-04:00", "question_creation_date": "Jun 28, 2024 04:37 AM", "meta_title": "[Solved] Prepare an Estimate for the variable and | SolutionInn", "meta_description": "Answer of - Prepare an Estimate for the variable and fixed cost Elements of the annual cost of truck operation , using the high- l | SolutionInn", "meta_keywords": "prepare,estimate,variable,fixed,cost,elements,annual,truck,operation,high-,low,method", "question_title_h1": "Prepare an Estimate for the variable and fixed cost Elements of the annual cost of truck operation , using the high- low method . 12", "question_title": "Prepare an Estimate for the variable and fixed cost Elements of the", "question_title_for_js_snippet": "Prepare an Estimate for the variable and fixed cost Elements of the annual cost of truck operation , using the high low method 12 marks ) Units Costs High level 105, 000 KIT $ 1, 197, 000 LOW level 70,000 KITTY $938, 000 Change 35, 000 KITTY $ 259, 000 Express the variable and fixed costs in the form Y a by ('1 mark ) Unit variable cost $259, 000 35, 000 km 7 4 cents per kin Fixed cost 1 , 197, 000 17 4 cents per unit 105 , 000 km ) Fixed cost 1 , 197, 000 777, 000 420, 000 Total cost 420, 000 7 4X Calculate the Expected total cost of driving a van 90, 000 kilometers during a year ( 1 mark ) Y 420 000 7 4 ( 30, 000) Y 420,000 656, 000 $1, 086, 000", "question_description": "
\"image<\/div><\/div><\/div> Prepare an Estimate for the variable and fixed cost Elements of the annual cost of truck operation , using the high- low method . 12 marks ) Units Costs High level 105, 000 KIT $ 1, 197, 000 LOW level 70,000 KITTY $938, 000 Change 35, 000 KITTY $ 259, 000 Express the variable and fixed costs in the form \"Y\" = a + by^ . ('1 mark ) Unit variable cost : $259, 000\/35, 000 km = 7. 4 cents per kin Fixed cost : 1 , 197, 000 - 17. 4 cents per unit* 105 , 000 km ) Fixed cost : 1 , 197, 000 - 777, 000 = 420, 000 Total cost . \"\" = 420, 000 + 7. 4X` Calculate the Expected total cost of driving a van 90, 000 kilometers during a year . ( 1 mark ) Y\" = 420.000 + 7. 4 ( 30, 000) Y\" = 420,000 + 656, 000 ` = $1, 086, 000", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CS2NY9SY", "uri": "\/textbooks\/incruse-ellipta-drug-profile-2024-incruse-ellipta-drug-patents-fda-exclusivity-drug-prices-1st-edition-979-8875687938-263134", "name": "Incruse Ellipta Drug Profile 2024 Incruse Ellipta Drug Patents Fda Exclusivity Drug Prices", "edition": "1st Edition" }, "question_posted": "2024-06-28 04:37:17", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-constitutes-contemporary-gaap", "description": "What constitutes contemporary GAAP?", "stars": 3.5 }, { "url": "\/study-help\/psychology\/how-could-you-help-these-students-retain-and-retrieve-the-1984784", "description": "How could you help these students retain and retrieve the necessary information?", "stars": 3.5 }, { "url": "\/you-plan-to-invest-2000-in-an-individual-retirement-arrangement-261675", "description": "You plan to invest $2,000 in an individual retirement arrangement (IRA) today at a stated interest rate of 8%, which is expected to apply to all future years. a. 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