Question

Scott, LLC, has gathered the following information regarding the number of tax schedules prepared and the revenue generated.
Required
A. Determine the revenue formula using the high/ low method.
B. What is the estimated revenue if 5,600 tax schedules are prepared in one period?
C. What is the estimated revenue if 2,200 tax schedules are prepared in one period?
D. Does the relevant range concept impact your answer to part (C)?


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  • CreatedMarch 25, 2015
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