Question: Using the high low method, the variable rate is found to be $6 per hour and the low point is 300 hours at a total

Using the high low method, the variable rate is found to be $6 per hour and the low point is 300 hours at a total cost of $2,000. What is the fixed cost? O $600 O $2000 O $1,000 O $200

Using the high low method, the variable rate is found to be $6 per hour and the low point is 300 hours at a total cost of $2,000. What is the fixed cost? $600$2000$1,000$200

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!

Using the high low method, the variable rate is found to be $5 per hour and the low point is 300 hours at a total cost of $1,800. What is the fixed cost?

Using the high low method, the variable rate is found to be $5 per hour and the low point is 300 hours at a total cost of $1,700. What is the fixed cost?

Use the following information to answer the next four questions: The following table summarizes costs for HMK Enterprises Lid. a m ases, for the first half of 2020. mufacturer of quality laptop Units...

5) During the month of April, Candice Ltd. provides the following information: direct materials purchases of $35,200; direct materials used $32,000; direct labour cost of $20,700, and manufacturing...

I posted the questions and the pictures to match. Weygandt, Managerial Accounting, 8e Practice: Chapters 5 and 6. C tedugen.wileyplus.com/eduger/iti/main.uni G Return to Blackboard VileyPLUS...

Batle Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total uilities cost. The company's cost and machine hour usage...

Hi, could someone please give me explanation and guide me steps to do these questions? Thank you very much! 7) Using the high-low method to split mixed costs, the variable rate is found to be $3 per...

QUESTION 5 (20 Marks) Using the information provided below, answer the following questions. INFORMATION Thohoyandou Limited operates a system of flexible budgets and the flexed budgets for...

The administrator of a car dealership wants to know the fixed and variable component of the costs of the repair department. It provides you with the following 6-month information: Repair hours A...

All of the following are required resources for cost leadership except: a). Strong marketing capability. b). Products designed for ease of manufacturing. c). Substantial capital investment. d)....

Drawing from your basic accounting knowledge, list the relevant data attributes that constitute the record types below. Identify which attribute is the primary key for the record. Accounts Payable...

1.8 What are the main differences between products and services?

International Labor Organization ( ILO ) can be described as a specialized agency of the United Nations ( UN ) focused on promoting social justice and internationally recognized human and labor...

=+2. As part of your entry exam for a new position, Dunkin Donuts wants you to create an editorial calendar outlining its celebration coming up for National Coffee Day. Outline some recommendations...

=+3. What is content curation and its role within social media?

=+1. You have been hired to create content for the Nutella Caf in Chicago, but you recognize you need to do a content audit. Outline the key steps and content you will need to review for this audit....