The following costs of Coffin Co. were recorded for the year 2012 ending. Using the High-Low method,
Question:
The following costs of Coffin Co. were recorded for the year 2012 ending.
Using the High-Low method, calculate the variable cost of Coffin Co.'s activity.
Transcribed Image Text:
Month January February March April May June July August September October November December Machine Hours Cost ($) 2,100 3,250 1,980 2,100 |1,700 3,100 3,500 2,900 |2,400 | 1,900 2,100 |1,800 |205,000 224,050 190,010 173,100 |174,050 265,200 218,150 |199,000 |189,000 170,000 |180,500 178,000
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Related Book For
Essentials of Accounting for Governmental and Not-for-Profit Organizations
ISBN: 978-0073527055
10th Edition
Authors: Paul A. Copley
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