Using the following data, apply the high-low method of cost analysis to the three cost...

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Accounting

Using the following data, apply the high-low method of cost analysis to the three cost data groups:
Volume Hedwig Scabbers Crookshanks
4,000 $8,500 $5,000 $14,000
6,000 $13,000 $11,000 $14,000
13,000 $20,000 $19,000 $14,000
30,000 $28,000 $37,500 $14,000
What cost behavior patterns are apparent for Scabbers?
Select one:
a.
Fixed
b.
Variable
c.
Mixed
d.
Semi-fixed
e.
None of the above

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