Purchase Solution

High low method

Not what you're looking for?

Ask Custom Question

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

Purchase this Solution

Solution Summary

The solution helps in computing High low method for corporations. The variable components of inspection is determined.

Solution Preview

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


Free BrainMass Quizzes
Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Motivation

This tests some key elements of major motivation theories.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.