Corp has assembled the following cost data: Cost Hours $24,700 5,200 26,000 5,500 34,000 7,500 45,370...

 

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Corp has assembled the following cost data: Cost Hours $24,700 5,200 26,000 5,500 34,000 7,500 45,370 9,900 38,000 9,500 Using the high-low method, calculate the fixed costs Corp has assembled the following cost data: Cost Hours $24,700 5,200 26,000 5,500 34,000 7,500 45,370 9,900 38,000 9,500 Using the high-low method, calculate the fixed costs

Answer rating: 100% (QA)

The highlow method is a method of estimating fixed and variable costs using the highest and lowest levels of activity In this case the highest level of activity is 9900 hours and the lowest level of activity is 5200 hours The variable cost ... View the full answer