Answered: Determine fixed costs using the…

Determine fixed costs using the high-low method from the following data: Total Costs Level of Activity P65,000 11,250 P52,000 8,000 P86,000 16,500 a. P45,000 b. P20,000 c. P16,500 d. P9,500

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2DQ: Which of the following costs would be classified as variable and which would be classified as fixed,...

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Question

Determine fixed costs using the high-low method from the following data:

Total Costs Level of Activity

P65,000 11,250

P52,000 8,000

P86,000 16,500

a. P45,000

b. P20,000

c. P16,500

d. P9,500

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