Determining mixed costs the high - low method The manager of Loyal Cat Inspection reviewed the monthly
Fantastic news! We've Found the answer you've been seeking!
Question:
Determining mixed costs the highlow method
The manager of Loyal Cat Inspection reviewed the monthly operating costs for the past year. The costs
ranged from $ for inspections to $ for inspections.
Requirements
Use the highlow method to calculate the variable cost per inspection.
Calculate the total fixed costs.
Write the equation and calculate the operating costs for inspections.
Draw a graph illustrating the total cost under this plan. Label the axes, and show the costs at
and inspections.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date: