Question: QS 21-3 Cost behavior estimation-high-low method LO P1 The following information is available for a companys maintenance cost over the last seven months. Month Units

QS 21-3 Cost behavior estimation-high-low method LO P1

The following information is available for a companys maintenance cost over the last seven months.

Month Units Produced Maintenance Cost
June 90 $ 3,710
July 150 5,240
August 110 4,220
September 140 4,730
October 200 5,750
November 230 6,260
December 50 3,200

Using the high-low method, estimate both the fixed and variable components of its maintenance cost.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

10 points 02:43:19 ezto.mheducation.com B June July Derences Saved 10 9 Apple ting Google Yahoo YouTube Yuzu Sign in Edukan Stats Cengage 18 - Connect Solved. The following inte 3,680 Me Total cost...

Q:

QS 21-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Month June July August September October...

Q:

QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Month June July August September October...

Q:

QS 21-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months Month June July August September October...

Q:

de both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Total cost at the high point Variable costs at the high point:...

Q:

QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Month June July August September October...

Q:

QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Month June July August September October...

Q:

Return November December 240 60 8,100 3,600 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. Answer is complete but not entirely correct. High-Low...

Q:

QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Month June July Units Produced 100 160...

Q:

QS 18-3 Cost behavior estimation-high-low method LO P1 The following information is available for a company's maintenance cost over the last seven months. Month June July August September October...

Q:

What are the DBAs responsibilities with regard to the data dictionary?

Q:

Matchpoint company produces 3 types of tennis balls: heavy duty, regular, and extra duty, with a profit contribution of $24, $12, and $36 per gross (12 dozen), respectively. The linear programming...

Q:

Which of these sectors is more likely to have a positive WCR? Group of answer choices Fast food chains Publishing houses Air transportation Manufacturers

Q:

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Q:

Responsibility. There is a guarded attitude towards giving too much responsibility, as workers like guidance and older workers in particular prefer clear instructions. Motivation rises when more...

Q:

Money. Generally money is seen as important for recruiting and retaining employees, but not as a real motivator. It is seen as a hygiene factor in that it keeps staff in the company.

Q:

Bonus systems. It is considered that bonuses relating to individual performance would improve motivation, but this view is not widespread. One company pays a fixed salary only. Some companies offer...