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Solve for the cost line equation using the high-low method: Month 1 2 3 Units Produced Total Cost 4,500 $38,000 11,000 $52,000 12,000 $56,000 5,500 $40,000 5 9,000 $47,000 6 10,500 $52,000 7 7,500 $44,000 8 5,000 $41,000 a 11,500 $52,000 10 6,000 $43,000 Units Produced Total Cost High [Select] [Select] [Select] [Select] Low Change [Select] Variable Cost Per Unit (Slope) : [Select] = Total Fixed Cost = = Cost Equation = Y = $ [Select] $ [Select] [Select] + $ [Select] ☑ Solve for the cost line equation using the high-low method: \table[[Month, Units Produced,Total Cost], [1,4,500,$ 38,000

Solve for the cost line equation using the high-low method: Month 1 2 3 Units Produced Total Cost 4,500 $38,000 11,000 $52,000 12,000 $56,000 5,500 $40,000 5 9,000 $47,000 6 10,500 $52,000 7 7,500 $44,000 8 5,000 $41,000 a 11,500 $52,000 10 6,000 $43,000 Units Produced Total Cost High [Select] [Select] [Select] [Select] Low Change [Select] Variable Cost Per Unit (Slope) : [Select] = Total Fixed Cost = = Cost Equation = Y = $ [Select] $ [Select] [Select] + $ [Select] ☑ Solve for the cost line equation using the high-low method: \table[[Month, Units Produced,Total Cost], [1,4,500,$ 38,000

FINANCIAL ACCOUNTING
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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Solve for the cost line equation using the high-low method: Month 1 2 3 Units Produced Total Cost 4,500 $38,000 11,000 $52,000 12,000 $56,000 5,500 $40,000 5 9,000 $47,000 6 10,500 $52,000 7 7,500 $44,000 8 5,000 $41,000 a 11,500 $52,000 10 6,000 $43,000 Units Produced Total Cost High [Select] [Select] [Select] [Select] Low Change [Select] Variable Cost Per Unit (Slope) : [Select] = Total Fixed Cost = = Cost Equation = Y = $ [Select] $ [Select] [Select] + $ [Select] ☑
Transcribed Image Text:Solve for the cost line equation using the high-low method: Month 1 2 3 Units Produced Total Cost 4,500 $38,000 11,000 $52,000 12,000 $56,000 5,500 $40,000 5 9,000 $47,000 6 10,500 $52,000 7 7,500 $44,000 8 5,000 $41,000 a 11,500 $52,000 10 6,000 $43,000 Units Produced Total Cost High [Select] [Select] [Select] [Select] Low Change [Select] Variable Cost Per Unit (Slope) : [Select] = Total Fixed Cost = = Cost Equation = Y = $ [Select] $ [Select] [Select] + $ [Select] ☑
Solve for the cost line equation using the high-low method: \table[[Month, Units Produced,Total Cost], [1,4,500,$ 38,000
Transcribed Image Text:Solve for the cost line equation using the high-low method: \table[[Month, Units Produced,Total Cost], [1,4,500,$ 38,000
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