The Sunland Law Office has the following monthly telephone records and costs: Calls Costs 7,700 $4,395 5,400 3,900 7,900 4,690 13,900 8,490 8,000 4,695 7,400 4,195 Identify the fixed and variable cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 52.75.) High Variable cost $ Fixed cost SA $ Low

The Sunland Law Office has the following monthly telephone records and costs: Calls Costs 7,700 $4,395 5,400 3,900 7,900 4,690 13,900 8,490 8,000 4,695 7,400 4,195 Identify the fixed and variable cost components using the high-low method. (Round variable cost to 2 decimal places, e.g. 52.75.) High Variable cost $ Fixed cost SA $ Low

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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