WebZiegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: a. Determine the variable cost per unit and the total fixed cost. b. Based on part (a), estimate the total cost for 1,710 units of production.
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WebSep 30, 2024 · The high-low method is a simpler method as it involves fewer calculations so long as you have the essential data, including the high and low points. You can also use … WebThe high-low method is an accounting technique used to separate out fixed and variable costs in a limited set of data. It involves taking the highest level of activity and the lowest … fort wilderness lodge camping
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WebGiven the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round … WebApr 12, 2024 · Furthermore, certain spatial transcriptomics methods might require the target genes to have either relatively high or low expression levels; for example, when using low … The high-low method is an easy way to segregate fixed and variable costs. By only requiring two data values and some algebra, cost accountantscan quickly and easily determine information about cost behavior. Also, the high-low method does not use or require any complex tools or programs. See more The formula for developing a cost model using the high-low method is as follows: Once the variable cost per unit is determined: Fixed cost = Highest activity cost – (Variable cost … See more The manager of a hotel would like to develop a cost model to predict the future costs of running the hotel. Unfortunately, the only available data … See more Thank you for reading CFI’s guide to High-Low Method. To keep advancing your career, the additional CFI resources below will be useful: 1. Cost Behavior Analysis 2. Cost Method 3. … See more Due to the simplicity of using the high-low method to gain insight into the cost-activity relationship, it does not consider small details such as … See more dip joint of toe