Question: High-Low Method to Determine Fixed Cost and Variable Rate McGarvey Manufacturing Company had the following 12 months of data on purchasing cost and number of

High-Low Method to Determine Fixed Cost and Variable Rate

McGarvey Manufacturing Company had the following 12 months of data on purchasing cost and number of purchase orders.

Month Purchasing Cost Number of Purchase Orders

January $19,250 370

February 18,050 330

March 18, 200 320

April 18,050 410

May 19,345 400

June 19, 500 450

July 19, 670 460

August 20, 940 560

September 19, 430 440

October 20, 020 600

November 18,800 470

December 19,340 480

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