Chapter 3 Question 1.

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High-Low Method, Cost Formulas presented as follows: Required: If required, round your answers to two decimal places. Enter a " 0 " if required. 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: \begin{tabular}{l|} V$ \\ F$ \\ Y$ \\ Indirect labor: \\ V$ \\ F$ \\ Y$$ \end{tabular} Fuel and oil for forklift: V$ F Y$ 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 8,000 moves. 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places. Materials handling cost =