Based on performance you have been provided with the following information regarding ABC limited. For the year
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Question:
Based on performance you have been provided with the following information regarding ABC limited.
For the year ended 31st Dec 2004
Labour hours Service cost
(Activity level) ($)
300 150000
400 155000
350 153000
600 192000
310 151000
800 200000
Required
Develop a total cost function based on the above data using high low method.
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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