Q3. The information below was derived from the 2018 records of HCS Company: Month Units ProducedTotal Cost (SAR)May4,35044,200June4,70044,700July5,00045,000August5,40045,400September5,65047,500October5,90057,150November3,45040,000December4,10040,600 Using the high-low method of analysis, calculate Variable cost Fixed cost, andDetermine a cost function.

High-low method of analysis Variable Cost Per Unit = (Highest Activity Cost – Lowest Activity Cost)…

Answered: Q3. The information below was derived…

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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Q3. The information below was derived from the 2018 records of HCS Company:

Month	Units Produced	Total Cost (SAR)
May	4,350	44,200
June	4,700	44,700
July	5,000	45,000
August	5,400	45,400
September	5,650	47,500
October	5,900	57,150
November	3,450	40,000
December	4,100	40,600

Using the high-low method of analysis, calculate

Variable cost
Fixed cost, and
Determine a cost function.

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