Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. x company's accountant uses the high-low method to

X Company's accountant uses the high-low method to determine the parameters of the company's monthly...

80.2K

Verified Solution

Question

Accounting

image

X Company's accountant uses the high-low method to determine the parameters of the company's monthly overhead cost function, with units produced as the independent variable. She has the following past monthly observations to work with: Units Produced 8,450 7,450 8,050 6,400 7,050 8,900 Cost $35,171 34,952 34,521 30,796 31,846 36,621 X Company estimates that 10,800 units will be produced in July. What are estimated fixed overhead costs for July [round variable costs per unit to two decimal places]? A: $15,884B: $19,855 C: $24,819 D: $31,023 E: $38,779 F: $48,474

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