Q2. The following details were extracted from the records of KCL Company for the year...
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Accounting
Q2. The following details were extracted from the records of KCL Company for the year 2020:
(4 Marks)
| Month | Units Produced | Total Cost (SAR) |
| March | 40,000 | 405,000 |
| April | 42,000 | 408,000 |
| May | 45,000 | 410,000 |
| June | 47,000 | 414,000 |
| July | 51,000 | 503,000 |
| August | 54,000 | 524,000 |
| September | 32,000 | 370,000 |
| October | 38,000 | 375,000 |
Required:
- Using the high-low analysis method, find out variable and fixed costs and determine a cost function.
- Take the data for July and August and using the two-point method, find out variable and fixed costs and determine a cost function.
(Chapter 2)
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