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Determine the following using the High-Low point Method a. Rate of variability of shipping expense per sales volume b. The fixed portion of the shipping expense c. The total amount of shipping expense, assuming that the sales volume is P11,300.

Determine the following using the High-Low point Method a. Rate of variability of shipping expense per sales volume b. The fixed portion of the shipping expense c. The total amount of shipping expense, assuming that the sales volume is P11,300.

FINANCIAL ACCOUNTING
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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2. The study made of the shipping expenses incurred by XYZ Company showed the following over a period of time, and there is no indication that past trends will change in the future. Sales Volume P 10,300 11,700 13,500 37,500 9,300 9,700 14,000 15,000 10,000 Shipping expenses P 3,090 3,100 3,330 7,500 2,889 2,910 4,170 4,200 2,900 3,225 10,500 Determine the following using the High-Low point Method a. Rate of variability of shipping expense per sales volume b. The fixed portion of the shipping expense c. The total amount of shipping expense, assuming that the sales volume is P11,300.
Transcribed Image Text:2. The study made of the shipping expenses incurred by XYZ Company showed the following over a period of time, and there is no indication that past trends will change in the future. Sales Volume P 10,300 11,700 13,500 37,500 9,300 9,700 14,000 15,000 10,000 Shipping expenses P 3,090 3,100 3,330 7,500 2,889 2,910 4,170 4,200 2,900 3,225 10,500 Determine the following using the High-Low point Method a. Rate of variability of shipping expense per sales volume b. The fixed portion of the shipping expense c. The total amount of shipping expense, assuming that the sales volume is P11,300.
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