What is the basic premise underlying the high-low method of analyzing semi-variable costs?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
The highlow method assumes that a straig...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
What is the basic premise of category management? Why do you think that supermarkets have been at the forefront of the movement to use category management?
-
What is the basic premise of the fracture mechanics approach to testing and design?
-
What is the basic procedure for determining product costs in continuous processing plants?
-
You work as a manager in the admission department of company. You were asked by your department head to present and analyze the qualifying test scores of 40 employees who are applying for 5-year...
-
Loretta Corporation, a publicly traded company, is preparing the comparative financial statements to be included in the annual report to shareholders. Loretta's fiscal year ends May 31. The following...
-
Figure Q24.13 shows a solenoid as seen in cross section. Compasses are placed at points 1 and 2. In which direction will each compass point when there is a large current in the direction shown?...
-
Consider the contamination discussion at the start of this section. The information is summarized here. Probability of Failure Level of Probability of Contamination Level 0.1 High 0.2 0.005 Not high...
-
Use the following information to prepare a cash budget for the month ended on March 31 for Gado Merchandising Company. The budget should show expected cash receipts and cash disbursements for the...
-
On December 31, 2023, Berclair Incorporated had 400 million shares of common stock and 7 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2024,...
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
Distinguish between a step-variable cost and a step-fixed cost.
-
What are the advantages and disadvantages of the scatter-graph method as compared to the high-low method?
-
A drawer contains eight different pairs of socks. If six socks are taken at random and without replacement, compute the probability that there is at least one matching pair among these six socks.
-
Pickwick, Snodgrass and Tupman are in partnership, making up accounts to 31 March annually. Each partner receives 6% interest on fixed capital. Pickwick and Tupman are entitled to annual salaries of...
-
Bill was born in 1982. He is married to Hazel who was born in 1986. In 2021-22, Bill had business profits of 52,820 and received dividends of 2,200. Hazel received a salary of 220,570 and bank...
-
List and explain the six badges of trade.
-
Toby is a widower. He was born in August 1933. His wife was born in June 1934 but she died in March 2021. Toby's income for 2021-22 is as follows: 11,550 912 Retirement pension Income from purchased...
-
For each of the following statements made by a client, what areas do you think would be reasonable to probe to determine if the statement is an accurate reflection of what the client wants? What...
-
What motivates people to trust others?
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
The evolution of blind cave forms of the fish Astyanax mexicanus is associated with large reductions in the amount of time spent sleeping. The eyed, surface forms sleep about 800 minutes per 24-hour...
-
What is a supply chain and what problems are created if there are kinks in it?
-
Briefly, what are the duties of the following employees? a. Purchasing agent b. Receiving clerk c. Storeroom keeper d. Production supervisor
-
Pershing, Inc. expects daily usage of 500 lb of material X, an anticipated lead time of seven days, and a desired safety stock of 2,500 lb. a. Determine the order point. b. Determine the number of...
-
The bank reconciliation for Widgets Inc. included the following items: $30 bank service charge; NSF check of $275; bank error of $30; EFT collection from a customer for $2,335. Based on the...
-
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
-
A simply supported girder bridge is to support vehicular loads. It is anticipated that the worst load will come from a three-axle truck shown in Figure I below. Assuming the self-weight of the girder...
Study smarter with the SolutionInn App