Q1:- The following data relate to maintenance costs of Kimcompany for the last six months of 2010:-Months Activity level- hours (X) Maintenance costs $ (Y)1424232238.3246.2857306.20Required:1- Determine variable and fixed costs using a high- lowmethod of activity and writing the cost equation.

As per high low method of cost estimation : Variable cost pu = highest activity cost - lowest…

TOI Dwing data relate company for the last six months of 2010:- Months Activity level- hours (X) Maintenance costs $ (Y) 1 4 24 2 3 22 3 8. 32 4 28 5 7 30 Required: 1- Determine variable and fixed costs using a high- low method of activity and writing the cost equation. 20 2.

TOI Dwing data relate company for the last six months of 2010:- Months Activity level- hours (X) Maintenance costs $ (Y) 1 4 24 2 3 22 3 8. 32 4 28 5 7 30 Required: 1- Determine variable and fixed costs using a high- low method of activity and writing the cost equation. 20 2.

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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Question

Q1:- The following data relate to maintenance costs of Kim
company for the last six months of 2010:-
Months Activity level- hours (X) Maintenance costs $ (Y)
1
4
24
2
3
22
3
8.
32
4
6.
28
5
7
30
6.
20
Required:
1- Determine variable and fixed costs using a high- low
method of activity and writing the cost equation.

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