Problem 31: High-lowIrvin Company has provided the following information:60,000 unitsUnits of OutputDirect materialsWorkers' wagesSupervisors' salariesEquipment depreciationMaintenanceUtilities360,0002,160,000624,000302,400163,200768,0004,377,60084,000 units504,0003,024,000624,000302,400220,8001,056,0005,731,200Required: Using the high-low method and the information provided above,a. Identify the linear cost function equation andb. Estimate the total cost at 72,000 units of output

High -low method is the method where variable element in the mixed cost is difference of the highest…

Answered: visors' salaries ment depreciation…

Business

Accounting

visors' salaries ment depreciation enance es 624,000 302,400 163,200 768,000

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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