XYZ Corporation provides financial consultancy services with the following data for the first 6 months of...
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XYZ Corporation provides financial consultancy services with the following data for the first 6 months of 2021. Month January February March April May June Total Cost $63,995 $63,706 $72,900 $64,190 Number of Hours 15,960 13,250 16,600 14,980 12,400 16,010 $62,904 $64,220 A. Compute the variable and fixed-cost elements using the high-low method. Variable Cost: Fixed Cost B. Calculate the total financial consultancy cost to be incurred if the total number of hours for July is 16,000. XYZ Corporation provides financial consultancy services with the following data for the first 6 months of 2021. Month January February March April May June Total Cost $63,995 $63,706 $72,900 $64,190 Number of Hours 15,960 13,250 16,600 14,980 12,400 16,010 $62,904 $64,220 A. Compute the variable and fixed-cost elements using the high-low method. Variable Cost: Fixed Cost B. Calculate the total financial consultancy cost to be incurred if the total number of hours for July is 16,000.
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