The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Cost Hours $23,000 5,000 $26,000 6,450 $34,600 7,650 $42,000 10,000 $38,000 9,350 What is the estimated total cost at an operating level of 9,000 hours?
Please solve below question using
The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost
Cost Hours
$23,000 5,000
$26,000 6,450
$34,600 7,650
$42,000 10,000
$38,000 9,350
What is the estimated total cost at an operating level of 9,000 hours?
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 19 images
