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Use the high -low method to estimate the order -processing costs if Will & Partners receives 3,500 sales orders in December (assume none of the above values are outliers)

Use the high -low method to estimate the order -processing costs if Will & Partners receives 3,500 sales orders in December (assume none of the above values are outliers)

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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Assume Will & Partners LLP has the following information on the number of sales orders received and order - processing costs for the latter half of 2022:

 

Use the high -low method to estimate the order -processing costs if Will & Partners receives 3,500 sales orders in December (assume none of the above values are outliers)

 

$36,000

$ 44,600

$38,400

$ 37,333

$42,000

 

 

Month June 2023....... Sales Orders 3,000......... 1,500........ 4,400..... 2,800..... 2,300..... 1,200..... July.......... August......... September......... October........ November............. Order-Processing Costs ...... $32,000 22,400 55,400 31,200 25,600 17,000 ***** ***
Transcribed Image Text:Month June 2023....... Sales Orders 3,000......... 1,500........ 4,400..... 2,800..... 2,300..... 1,200..... July.......... August......... September......... October........ November............. Order-Processing Costs ...... $32,000 22,400 55,400 31,200 25,600 17,000 ***** ***
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