Homework Answers
As per high low method, variable cost per unit = difference in costs at highest and lowest level/difference in units
=(6310-3547)/(3400-1865)
=$1.8 per visitor
Fixed cost = total cost - variable cost
= 3547 - 1865*1.8
=$190,000
Estimated maintenance costs = 190000 + 2700000*1.8
=$5,050,000
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Oak Island Amusements Center provides the following data on the costs of maintenance and the number...
Oak Island Amusements Center provides the following data on the costs of maintenance and the number...
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Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil's national monetary unit. On the day this exercise was written, the real was equivalent in value to 269 U.S. dollar) Traveled by Month November cost 18,500 real 8 02:57,05 January Tebruary 14,850 17,300 19.750 23.900 31,400 13.400 18,950 19.400 April 17,900 Required: 1. Use the high-low method to estimate the variable cost per tour mile traveled and the fixed cost per...
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Please answer asap! thank you!
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