9.4 The following information on sales revenue and wages expense was collected over a six-month period:MonthSales $'000Wages $'000JanuaryFebruaryMarch24014115097170107AprilMayJune180111200124210128AB(a) Using the high- low method, determine the formula for calculating wages expense within therelevant range.(b) The total manufacturing cost for two levels of activity is given belowLevel 1Level 2Units produced2,000$15,0005,000$22,500Total costAssuming the variable cost per unit and the total fixed costs remain constant over the relevantrange and time period, compute the total fixed cost.

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Answered: 9.4 The following information on sales…

FINANCIAL ACCOUNTING

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Author:Libby

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Chapter1: Financial Statements And Business Decisions

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