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You are given the following production costs for a basket. The costs are made up of a fixed and a variable element. Number of items
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You are given the following production costs for a basket. The costs are made up of a fixed and a variable element.
Number of items produced Total cost
700 3,000
1,200 4,500
Using the high-low method, what is the cost of producing 1,000 items?
A. 1,900
B. 2,990
C. 3,900
D. 4,990
You are given the following production costs for a basket. The costs are made up of a fixed and a variable element.
Number of items produced Total cost
700 3,000
1,200 4,500
Using the high-low method, what is the cost of producing 1,000 items?
| A. | 1,900 | |
| B. | 2,990 | |
| C. | 3,900 | |
| D. | 4,990 |
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