Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Thato manufactures present you the following costs and activity/ output levels for the first quarter of the year: Month Mixed cost Activity/output levels January
Thato manufactures present you the following costs and activity/ output levels for the first quarter of the year: Month Mixed cost Activity/output levels January R775 750 February R925 900 March R1050 1025 April R975 950 May R885 860 Required: Calculate the following using high/low method: 3.1.1 Variable cost per unit 3.1.2 Total fixed cost 4 Marks 4 Marks 3.1.3. Mixed cost for June if estimated production is I 230 units 2 Marks
Step by Step Solution
★★★★★
3.50 Rating (157 Votes )
There are 3 Steps involved in it
Step: 1
To determine the variable cost per unit and total fixed cost using the highlow method well first ide...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