High low method
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Inspection costs at one of Krivanek Corporation's factories are listed below:
Units Produced Inspection cost
January 630 $8850
February 615 $8819
March 602 $8760
April 595 $8743
May 688 $9036
June 626 $8866
July 646 $8920
August 670 $8977
September 678 $9013
Management believes that inspection cost is a mixed cosst that depends on units produced.
Using the high low method, the estimate of the variable component of inspection is closest to: $3.15, $0.32, $3.40 or $13.91
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Solution Summary
The solution helps in computing High low method for corporations. The variable components of inspection is determined.
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Management believes that inspection cost is a mixed cost that depends on units produced.
Using the high low method, the estimate of the ...
Purchase this Solution
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