Using the high low method and the scatter diagram, compute for the fixed and variable costs, including
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Question:
Using the high low method and the scatter diagram, compute for the fixed and variable costs, including the variable cost per % of occupancy:
Percent of occupancy:
January-20%
February-25%
March-60%
April-80%
May-70%
June-6%
Cost of electricity:
January-2000
February-2500
March-3800
April-5000
May-4400
June-4000
Expert Answer:
To calculate the fixed and variable costs using the highlow method we need to identify the highes... View the full answer
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