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Nebula Freight Services used the high-low method of cost estimation based on its customer shipment data for the first four months of 2024. What is the estimated variable cost per shipment? Shipments Cost ($) Month January 1,500 4,500 February 1,600 4,800 March 2,100 6,600 April 2,000 6,000 Total 7,200 21,900 What is the variable cost per shipment using the high-low method?

Nebula Freight Services used the high-low method of cost estimation based on its customer shipment data for the first four months of 2024. What is the estimated variable cost per shipment? Shipments Cost ($) Month January 1,500 4,500 February 1,600 4,800 March 2,100 6,600 April 2,000 6,000 Total 7,200 21,900 What is the variable cost per shipment using the high-low method?

Principles of Accounting Volume 2
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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Nebula Freight Services used the high-low method of cost estimation based on its customer shipment data for the first four months of 2024. What is the estimated variable cost per shipment? Shipments Cost ($) Month January 1,500 4,500 February 1,600 4,800 March 2,100 6,600 April 2,000 6,000 Total 7,200 21,900 What is the variable cost per shipment using the high-low method?
Transcribed Image Text:Nebula Freight Services used the high-low method of cost estimation based on its customer shipment data for the first four months of 2024. What is the estimated variable cost per shipment? Shipments Cost ($) Month January 1,500 4,500 February 1,600 4,800 March 2,100 6,600 April 2,000 6,000 Total 7,200 21,900 What is the variable cost per shipment using the high-low method?
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