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

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To calculate the fixed and variable costs using the highlow method we need to identify the highes... View full answer

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!