Question
Vest Construction Companys cost of renting a crane for the last four months is as follows: Month Hours of Operation Rental Cost January 29 $983
Vest Construction Companys cost of renting a crane for the last four months is as follows:
| Month | Hours of Operation | Rental Cost
|
January 29 $983
February 36 $1,112
March 39 $1,153
April 34 $1,058
Using the high-low method, what is the companys estimated variable and fixed component of operating expenses?
| Variable cost per hour | $ | per hour | |
| Fixed cost | $ |
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Practical Auditing Techniques For ISO/TS 16949
Authors: Raymond Ness
1st Edition
978-0595273126
