Question: Can you please help me answer the questions and provide a step-by-step solution? thx The manager of Trusty Car Inspection reviewed the monthly operating costs

Can you please help me answer the questions and provide a step-by-step solution? thx

The manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,300 for 1,300 inspections to $3,900 for 900 inspections.

Can you please help me answer the questions and provide a step-by-step

Requirement 1. Use the high-low method to calculate the variable cost per inspection.

Select the formula and enter the amounts to calculate the variable cost per inspection. (Round to the nearest cent.)

solution? thx The manager of Trusty Car Inspection reviewed the monthly operating

Requirement 2. Calculate the total fixed costs.

Select the formula and enter the amounts to calculate the total fixed costs. (Use the highest volume and its mixed cost to calculate the total fixed cost.)

costs for the past year. The costs ranged from $4,300 for 1,300

1. Use the high-low method to calculate the variable cost per inspection. 2. Calculate the total fixed costs. 3. Write the equation and calculate the operating costs for 1,000 inspections. 4. Draw a graph illustrating your total cost under this plan. Show the costs at 900,1,000, and 1,300 inspections. (Use the high-low method for all calculations.) \begin{tabular}{|l|l|} \hline & = Total fixed cost \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!