4. The MTN Company has assembled the following data pertaining to certain costs whichcannot be easily identified as either fixed or variable. MTN has heard about a methodof measuring cost functions called the high-low method and has decided to use it inthis situationeeged)Cost$100,00061,00085,00078,20091,000110,400106,00093,000Hours3,5002,0002,6002,4503,0003,9003,7403,380Calculate the variable cost per hourCalculate the total fixed costsWrite the equation which measures the cost behaviour of the costsCalculate the operating costs for 3,750 hours.

The high-low method is used to differentiate the mixed cost. The mixed cost is a combination of…

4. The MTN Company has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. MTN has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation d) Cost $100,000 61,000 85,000 78,200 91,000 110,400 106,000 93,000 Hours 3,500 2,000 2,600 2,450 3,000 3,900 3,740 3,380 Calculate the variable cost per hour Calculate the total fixed costs Write the equation which measures the cost behaviour of the costs Calculate the operating costs for 3,750 hours.

4. The MTN Company has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. MTN has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation d) Cost $100,000 61,000 85,000 78,200 91,000 110,400 106,000 93,000 Hours 3,500 2,000 2,600 2,450 3,000 3,900 3,740 3,380 Calculate the variable cost per hour Calculate the total fixed costs Write the equation which measures the cost behaviour of the costs Calculate the operating costs for 3,750 hours.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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