Day Mail Order Co. applied the high-low method of cost estimation to customer order data for the first four months of 2005. What is the estimated variable order filling cost component per order? Month Orders Cost January 1,200 $ 3,120 February 1,300 3,185 March 1,800 4,320 April 1,700 3,895 6,000 $ 14,520 a. $2.00 b. $2.42 c. $2.48 d. $2.50

Day Mail Order Co. applied the high-low method of cost estimation to customer order data for the first four months of 2005. What is the estimated variable order filling cost component per order? Month Orders Cost January 1,200 $ 3,120 February 1,300 3,185 March 1,800 4,320 April 1,700 3,895 6,000 $ 14,520 a. $2.00 b. $2.42 c. $2.48 d. $2.50

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 67P: Refer to the information for Farnsworth Company (p. 139) for the first 10 months of data on...

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