Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using the high low method, which of the following

Using the high low method, which of the following is the correct cost equation using...

70.2K

Verified Solution

Question

Accounting

Using the high low method, which of the following is the correct cost equation using the following information:
Month Total Operating Expenses (total cost y axis) Number of Oil Changes (volume x axis)
April 32,5002,700
May 37,0003,600
June 33,7002,900
Remember, the high low method has 3 steps! Make sure you're selecting the highest and lowest volume!
Question 1 options:
Y = $5(x)+ $19,000
Y = $19,000(x)+ $5
Y = $7.50(x)+12,400
Y =12,400(x)+ $7.50

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

32. When the following reaction is balanced what is the coefficient for -OH? ____N2H4 + ____ClO3- + ____-OH...

Chemistry
Q

Design a Decoder Circuit that can convert a 4-bit Binary Number to a Hexadecimal Output.

Programming
Q

Find the difference in the apparent acceleration of gravity at the equator and the poles, assuming...

Physics
Q

Q. Consider a silicon p-n junction solar cell of area 4 cm2. If the doping of the...

Physics
Q

You wanted to be an entrepreneur after you graduate from university Along with your friends –...

General Management
Q

A person wants to purchase both parcels of land shown in the figure to the...

Calculus
Q

Consider the polynomial below a Find all the rational roots Separate your numbers by commas...

Algebra
Q

Lenning Corporation uses the FIFO method in its process costing. The following data pertain to...

Accounting
Q

Svahn, AB, is a Swedish manufacturer of sailing yachts. The company has assembled the information...

Accounting
Q

PLEASE HELP!! Answer all questions with showing work if you can. will give thumbs up...

Accounting
Q

Which of the following would be classified as a variable manufacturing cost? Select one: A....

Accounting
Q

a. You want to invest in Zoom Video Communications, Inc. (ZM). You are require to...

Finance