Riverside Company's shipping costs were $24,500 when they shipped 18,000 packages in March. In September, shipping costs were $19,000 for 12,000 packages. Using the high-low method, calculate the expected shipping costs if they plan to ship 15,000 packages in November.

Riverside Company's shipping costs were $24,500 when they shipped 18,000 packages in March. In September, shipping costs were $19,000 for 12,000 packages. Using the high-low method, calculate the expected shipping costs if they plan to ship 15,000 packages in November.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 10Q: If the sales forecast estimates that 50,000 units of product will be sold during the following year,...

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Question

Can you help me solve this general accounting problem with the correct methodology?

Riverside Company's shipping costs were $24,500 when they shipped 18,000
packages in March. In September, shipping costs were $19,000 for 12,000
packages. Using the high-low method, calculate the expected shipping costs if
they plan to ship 15,000 packages in November.

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