Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the high-low method, what is the slope of the line? Answer format: $X/unit. The answer is not $12,440. Cost Prediction Problem MONTH y =

image text in transcribedUsing the high-low method, what is the slope of the line? Answer format: $X/unit. The answer is not $12,440.

Cost Prediction Problem MONTH y = $5.2334x + $12,440 3 4ILO UNITS SOLD TOTAL COST 1 3,200 $31,000 2 2,000 $22,000 3 4,600 $40,000 1,200 $18,000 5 4,100 $36,000 6 5,800 $42,000 7 3,000 $29,000 8 1,800 $17,000 9 6,600 $45,000 10 1,400 $16,000 11 1,600 $28,000 12 4,200 $32,000 TOTAL COST $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 0 1,000 2,000 5,000 6,000 7,000 3,000 4,000 Number of Units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Financial And Managerial Accounting Information For Decisions

Authors: John Wild, Ken Shaw, Barbara Chiappetta

7th Edition

1259726703, 9781259726705

More Books

Students also viewed these Accounting questions

Question

Avoid evasiveness. Be direct with your answers when possible.

Answered: 1 week ago