Johnson Logistics accumulates the following data concerning a mixed cost, using hours as the activity level: Hours Worked Total Cost ($) July 15,000 August 10,000 September 8,000 October 5,000 Instructions: Compute the variable cost per hour and fixed cost using the high-low method.

Johnson Logistics accumulates the following data concerning a mixed cost, using hours as the activity level: Hours Worked Total Cost ($) July 15,000 August 10,000 September 8,000 October 5,000 Instructions: Compute the variable cost per hour and fixed cost using the high-low method.

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 61P: Method of Least Squares, Predicting Cost for Different Time Periods from the One Used to Develop a...

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