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Will rate. Georgia Meadows Company uses the high-low method to analyze production costs. The following information relates to the production data for the first six
Will rate.
Georgia Meadows Company uses the high-low method to analyze production costs. The following information relates to the production data for the first six months of the year.
Month | Cost(Y) | Hours(H) | |
January | $ | 10,192 | 6,695 |
February | $ | 9,125 | 6,060 |
March | $ | 11,350 | 7,665 |
April | $ | 8,810 | 5,810 |
May | $ | 8,850 | 5,665 |
June | $ | 10,463 | 6,860 |
What is the estimated total cost at an operating level of 8,000 hours?
Georgia Meadows Company uses the high-low method to analyze production costs. The following information relates to the production data for the first six months of the year. 6,060 Month January February March April May June Cost(Y) Hours (H) $10,192 6,695 $ 9,125 $11,350 7,665 $ 8,810 5,810 $ 8,850 5,665 $10,463 6,860 What is the estimated total cost at an operating level of 8,000 hours? (Round variable cost per unit to 2 decimal places and total fixed cost to the nearest whole dollar.) Multiple Choice O $10.969. O O $11,279. O $11,629. O $11,769Step by Step Solution
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