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Using the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Hedwig Scabbers Crookshanks 4,000 $8,500 $5,000 $14,000
Using the following data, apply the high-low method of cost analysis to the three cost data groups:
| Volume | Hedwig | Scabbers | Crookshanks |
|---|---|---|---|
| 4,000 | $8,500 | $5,000 | $14,000 |
| 6,000 | $13,000 | $11,000 | $14,000 |
| 13,000 | $20,000 | $19,000 | $14,000 |
| 30,000 | $28,000 | $37,500 | $14,000 |
What is the apparent total fixed cost for Hedwig?
a. $0
b. $2,000
c. $5,500
d. $8,500
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Introduction To Actuarial Science
Authors: John James Hardy
1st Edition
1332733697, 978-1332733699
