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

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.



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