Fixed Cost Elements Using the High-low Method
Round answer to 0 decimal places eg. ABC Corporation has the following data for use of its machinery. High Low Method Calculate Variable Cost Per Unit And Fixed Cost Compute the variable cost per mile using the high-low method. . Using the low activity cost. 2500 units and 5300 total cost The low level of activity was 1000 units. Select the highest and lowest activity levels and their associated costs. Round variable cost per mile to 2 decimal places eg. Using either the high or low activity cost should yield approximately the same fixed cost value. Mace Company accumulates the following data concerning a mixed cost using miles as the activity levelMiles DrivenTotal CostJanuary1000015000February800013500March900014400April750012500Compute the variable and fixed cost elements using the high-low method. Variable costs 8560 044 3766 3745 044 1648 Total fixed costs 1177 1177 Thus maintenance costs are 1177 per...