High-low method
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Part 3: Blake Corporation
Blake Corporation has the following data for use of its machinery
Month Usage Cost
Jun 600 $750
Jul 650 775
Aug 420 550
Sept 500 650
Oct 450 570
a. Using the high-low method, compute the variable cost element.
b. Using the high-low method, compute the fixed cost element (to the nearest whole dollar).
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Solution Summary
The solution explains how to use the high-low method to separate the mixed cost into fixed and variable elements.
Solution Preview
Part 3: Blake Corporation
Blake Corporation has the following data for use of its machinery
Month Usage Cost
Jun 600 $750
Jul 650 775
Aug 420 550
Sept 500 650
Oct 450 570
In the high low ...
Purchase this Solution
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