The following data relates to the operation of a company over a period of three years; sales of GH¢400000, GH¢300000, and GH¢450000 for years 1, 2, 3 respectively. The selling price during these periods were GH¢100, GH¢150, and GH¢200, and the profits made on these sales are GH¢80000, GH¢60000, and GH¢90000 for years 1, 2 and 3 respectively. Using the High-Low method, the estimated cost function is A. C = 160000 + 30x B. C = 160000 +40x C. C = 150000 +100x D. C = 120000 + 40x
The following data relates to the operation of a company over a period of three years; sales of GH¢400000, GH¢300000, and GH¢450000 for years 1, 2, 3 respectively. The selling price during these periods were GH¢100, GH¢150, and GH¢200, and the profits made on these sales are GH¢80000, GH¢60000, and GH¢90000 for years 1, 2 and 3 respectively. Using the High-Low method, the estimated cost function is A. C = 160000 + 30x B. C = 160000 +40x C. C = 150000 +100x D. C = 120000 + 40x
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following data relates to the operation of a company over a period of three years; sales of GH¢400000, GH¢300000, and GH¢450000 for years 1, 2, 3 respectively. The selling price during these periods were GH¢100, GH¢150, and GH¢200, and the profits made on these sales are GH¢80000, GH¢60000, and GH¢90000 for years 1, 2 and 3 respectively. Using the High-Low method, the estimated cost function is
A. C = 160000 + 30x
B. C = 160000 +40x
C. C = 150000 +100x
D. C = 120000 + 40x
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