Lunar Logistics Co. applied the high-low method of cost estimation to customer order data for the first four months of 2024. What is the estimated variable order filling cost component per order? Month Orders Cost ($) January 1,200 3,600 February 1,300 3,800 March 1,800 5,400 April 1,700 5,000 Total 6,000 17,800 a. $2.25 b. $2.50 c. $2.67 d. $3.00

Lunar Logistics Co. applied the high-low method of cost estimation to customer order data for the first four months of 2024. What is the estimated variable order filling cost component per order? Month Orders Cost ($) January 1,200 3,600 February 1,300 3,800 March 1,800 5,400 April 1,700 5,000 Total 6,000 17,800 a. $2.25 b. $2.50 c. $2.67 d. $3.00

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EB: The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method,...

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