Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using the data and template provided, use the foll

Using the data and template provided, use the following method: High-Low Method Template: Weeks...

50.1K

Verified Solution

Question

Accounting

Using the data and template provided, use the following method:

High-Low Method

Template:

imageimage
Weeks of the Activity (Units year Sold) Total Cost ($] Max Min Step #1 - Calculate Difference in Cost Total Cost at High Activity - Total Cost at Low Activity = Difference in Total Cost Step #2 - Calculate Difference in Activity High Activity (Units Sold) - Low Activity (Units Sold) = Difference in Data Usage Step #3 - Calculate Unit Variable Cost by dividing Step#1 by Step#2 Difference in Total Cost Difference in Activity (Units Sold) = Unit Variable CostStep #4 - Use Unit Variable Cost to calculate Total Fixed Cost (can use either high or low activity) Total Cost at High Activity Total Cost at Low Activity High Activity (Units Sold) Low Activity (Units Sold] x Unit Variable Cost x Unit Variable Cost . Total Variable Cost at High Usage . Total Variable Cost at Low Usage = Total Fixed Cost = Total Fixed Cost Cost Estimation Equation Total Cost =

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