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using the high low mothod, determine the total amount of fixed cost and total amount of variable cost per unit 10:06 O! Problem A Assume
using the high low mothod, determine the total amount of fixed cost and total amount of variable cost per unit
10:06 O! Problem A Assume the local franchise of Togorio Sandwich Company assigns you the task of estimating total maintenance cost on its delivery vehicles. This cost is a mixed cost. You receive the following data from past months: Month Units Costs March 8,000 $14.000 April 10.000 14,960 May 9.000 15.200 11.000 15.920 July 10,000 15,920 August 13,000 16,880 September 14,000 18,080 October 18.000 19,280 November 20,000 21,200 1. Using the high-low method, deter- mine the total amount of fixed costs and the amount of variable cost per unit. Draw the cost line. 2. Prepare a scatter diagram, plot the actual costs, and visually fit a linear cost line to the points. Estimate the amount of total fixed costs and the
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