Using the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 $8,000 13,000 $13,000 $12,000 20,000 $21,000 $24,000 $8,000 What cost behavior patterns are apparent for Gamma? Select one: a. Fixed b. Variable c. Mixed d. Semi-fixed e. None of the above
Using the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 $8,000 13,000 $13,000 $12,000 20,000 $21,000 $24,000 $8,000 What cost behavior patterns are apparent for Gamma? Select one: a. Fixed b. Variable c. Mixed d. Semi-fixed e. None of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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