Question
The inspection costs at one of the Iuliano Corporation factories are listed below: Units Produced Inspection Cost February 905 $16,212 March 949 $16,600 April 911
The inspection costs at one of the Iuliano Corporation factories are listed below:
Units Produced Inspection Cost
February 905 $16,212
March 949 $16,600
April 911 $16,265
May 895 $16,110
June 917 $16,294
July 902 $16,180
August 919 $16,332
September 859 $15 760
October 838 $16
Management believes that mixed cost that depends on the units produced.
Using the high-low method, estimate the fixed component of the inspection cost per month.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
