Z Company uses the high - low method to analyze mixed costs. During the year, thote level of activity was in May and the lowest level of activity was in February. In February, the company worind 11,00 hours and had a total cost of $ 46,300. In May, the company word 27,000 hours and had a total cost of $ 110,300. What is the estimated total cost at an operating level of 23,000 hours?
Z Company uses the high - low method to analyze mixed costs. During the year, thote level of activity was in May and the lowest level of activity was in February. In February, the company worind 11,00 hours and had a total cost of $ 46,300. In May, the company word 27,000 hours and had a total cost of $ 110,300. What is the estimated total cost at an operating level of 23,000 hours?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Z Company uses the high - low method to analyze mixed costs. During the year, thote level of activity was in May and the lowest level of activity was in February. In February, the company worind 11,00 hours and had a total cost of $ 46,300. In May, the company word 27,000 hours and had a total cost of $ 110,300. What is the estimated total cost at an operating level of 23,000 hours?
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