A company provided data concerning the costs incurred to mow residential lawns for which customers...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A company provided data concerning the costs incurred to mow residential lawns for which customers pay $45 per mowing. Data for the past 7 months are as follows:
January
February
March
April
May
June
July
Number of lawns mowed
200
110
150
100
220
120
210
Mowing cost
$12,900
$8,120
$10,200
$8,200
$13,060
$8,400
$13,280
How much are the estimated monthly fixed costs using the high-low method?
A) $8200
B) $2,444
C) $4510
D) $4150
D) $3,180
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
