Question: High-Low Method Apply the high-low method of cost analysis to the three cost data groups shown below. Volume (applicable to Group A Group B Group

High-Low Method Apply the high-low method of cost analysis to the

High-Low Method Apply the high-low method of cost analysis to the three cost data groups shown below. Volume (applicable to Group A Group B Group each group) Costs Costs Costs 2,000 $3,640 $1,400 $3,360 12,000 17,640 8,400 3,360 16,000 23,240 11,200 3,360 20,000 28,840 14,000 3,360 What cost behavior patterns are apparent? Express each as a cost formula: Total cost = Fixed costs + (Variable cost x Volume). Group Fixed costs + (Variable cost x Volume) A $ 0 x Volume B 0x Volume $ 0 + $ 0 x Volume Save Answers

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