Top Posters
Since Sunday
e
5
R
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
pduvin pduvin
wrote...
Go to Answer
Posts: 679
Rep: 0 0
6 years ago
The Gangwere Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Gangwere Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.

   Month   Cost   Hours
   January   $40,000   3,500
   February   24,400   2,000
   March   31,280   2,450
   April   36,400   3,000
   May   44,160   3,900
   June   42,400   3,740
Required:
Using the high-low method determine the forecasted cost for July if the number of hours used is expected to be 3,200.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
Read 144 times
1 Reply
Replies
Answer verified by a subject expert
AllopaAllopa
wrote...
#1
Top Poster
Posts: 683
Rep: 7 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

pduvin Author
wrote...

6 years ago
Smart ... Thanks!
my life
wrote...

Yesterday
Thank you, thank you, thank you!
Jodias
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1025 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 651
  
 2887
  
 596
Your Opinion
How often do you eat-out per week?
Votes: 80
Previous poll results: What's your favorite math subject?