Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following records are the operational results of two extreme months of the HFT Enterprise. (If the data shows broken on your screen, please use
The following records are the operational results of two extreme months of the HFT Enterprise. (If the data shows broken on your screen, please use Zoom-in/out function to have it displayed correctly. Or you also may need to expand it to the full-screen mode.) Month 1 Month 2 Customer Count 9.000 customers 12,000 customers Revenues $630,000 $840,000 Variable Costs $220,500 $294,000 Mixed Costs $239,000 $302,000 Fixed Costs $100,000 $100,000 Using the High-Low Two Point Method, divide the Mixed Costs into the VC & FC involved in the MC. With the new result of this business's cost structure answer the following questions: Determine the total amount of Fixed Cost when this business serves 15,000 customers. (Do not put "$" or "' in your answer. Just put the number. If you answer is $1,000,000 then put 1000000)
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