Please do not simply copy and paste an answer that someone has answered for this...

60.1K

Verified Solution

Question

Accounting

Please do not simply copy and paste an answer that someone has answered for this question before. I would like someone to answer this all over again. image

Connex Bus Company has incurred the following maintenance costs in the last six months. (a) Using the high-low method, determine the variable cost per km travelled and the fixed cost per month. (6 marks) (b) Using the answer from Question 3 Part A (a), estimate the maintenance cost for a month in which the distance travelled is 16,000km. (4 marks) (c) Describe any three (3) drawbacks of the high-low method of cost estimation

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students