Question: a. Using the high-low method, determine the fixed costs and the variable rate by using the formula Total Costs = Fixed Costs + (variable rate
a. Using the high-low method, determine the fixed costs and the variable rate by using the formula Total Costs = Fixed Costs + (variable rate x units) or Ya+bX Answer Variable Rate: Fixed Costs: a. Using the high-low method, determine the fixed costs and the variable rate by using the formula Total Costs = Fixed Costs + (variable rate x units) or Ya+bX Answer Variable Rate: Fixed Costs
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
