Question
The following information is available for a company's cost of sales over the last four months. Month Units sold Cost of sales January 1,200 $43,000
The following information is available for a company's cost of sales over the last four months.
| Month | Units sold | Cost of sales |
| January | 1,200 | $43,000 |
| February | 800 | $37,000 |
| March | 1,600 | $49,000 |
| April | 2,400 | $61,000 |
a. Use the high-low method to estimate the fixed and variable components of the cost of sales.
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Pioneers Of A Profession Chartered Accountants To 1879
Authors: Jas. C. Stewart
1st Edition
0367532557, 9780367532550
