please use the facts and circumstances outlined above and address the following items. Estimate the fixed
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Question:
please use the facts and circumstances outlined above and address the following items.
- Estimate the fixed and variable portions using the high-low method.
- Test the assertion. Using the updated data from techniques 1 and 3 as well as your estimates when applying technique 2, estimate the fixed, variable, and variable per dekatherm in the lower matrix.
- Draw two conclusions:
- Was the company representation accurate?
- What is a defensible estimate of variable cost per dekatherm?
- Was the company representation accurate?
Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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