Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The number of student registrations and the related costs over the last nine months Studihardly University are given below: Month Students Registered Costs January 900

The number of student registrations and the related costs over the last nine months Studihardly University are given below:

Month

Students Registered

Costs

January 900 $88,000
February 850 $85,000
March 1,900 $188,000
April 2,000 $187,000
May 650 $66,000
June 300 $34,000
July 100 $16,000
August 1200 $120,000
September 150 $15,000

Using the high-low method, what amount would Studihart University record for fixed cost per month?

Please help me with this queation.

Thank you!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions