Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

YYZ company acculmulates the following data concerning a mixed cost, using km as the acitivity level. km driven Total cost September 7,500 $30,000 October

image text in transcribed

YYZ company acculmulates the following data concerning a mixed cost, using km as the acitivity level. km driven Total cost September 7,500 $30,000 October 8,200 $31,100 November 8,500 $32,500 December 8,300 $31,750 Using the high-low method, compute the following: (correct your answer to 1-decimal place; no need to write down the $ sign and thousand separator) Variable cost per km $ Total fixed costs $ What will be the total cost when 8,800 km were driven? $

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 Accounting

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice

10th edition

324645570, 978-0324645576

More Books

Students also viewed these Accounting questions

Question

Define a traverse in Surveying?

Answered: 1 week ago