Question
The following cost were recorded for igbehinadun Nigeria Limited in the past six months. Month Activity (unit of output) Total Cost (N) January 28000 197400
The following cost were recorded for igbehinadun Nigeria Limited in the past six months.
Month Activity (unit of output) Total Cost (N)
January 28000 197400
February 25200 183400
March 30600 206700
April 29800 202000
May 32200 214900
June 32000 214160
Required:
Using high /low analysis prepare an estimate of total cost in August. If output is expected to be 30000 units.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
