Katlego Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected as follows: Month Lease cost Machine hours April R15,000 800 May 10,000 600 June 12,000 770 July 16,000 1000 Using the high-low method, calculate the variable rate for the lease cost. a. R25 b. R15 c. R65 d. R59

Katlego Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected as follows: Month Lease cost Machine hours April R15,000 800 May 10,000 600 June 12,000 770 July 16,000 1000 Using the high-low method, calculate the variable rate for the lease cost. a. R25 b. R15 c. R65 d. R59

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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