An accountant has been monitoring the overall indirect service costs incurred at their company based...
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An accountant has been monitoring the overall indirect service costs incurred at their company based on the number of labour hours worked. They accept that the costs follow a uniform, regular pattern so decide to use the High-Low method to calculate the Variable Costs and then the fixed costs.
The have found the during the month when the lowest hours were worked ( 2982 hours) that the service costs in that low activity month was $13586. In the month when the highest hours were worked ( 4664 hours) the service costs were $21768.
Calculate the Variable Cost using the high-low method.
Note: Do not input the $ sign, just the decimal number to two decimal places
An accountant has been monitoring the overall indirect service costs incurred at their company based on the number of labour hours worked. They accept that the costs follow a uniform, regular pattern so decide to use the High-Low method to calculate the Variable Costs and then the fixed costs.
The have found the during the month when the lowest hours were worked ( 2982 hours) that the service costs in that low activity month was $13586. In the month when the highest hours were worked ( 4664 hours) the service costs were $21768.
Calculate the Variable Cost using the high-low method.
Note: Do not input the $ sign, just the decimal number to two decimal places
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