Homework Answers
using high low method
variable cost per unit=(cost of highest activity level-cost of lowest activity level)/(highest activity level-lowest activity level)
variable cost per unit=($45000-$40000)/(4250-2000)=$2.22 per hour
fixed cost=total cost-variable cost
apply to the highest activity level
fixed cost=$45000-($2.22*4250)=$35565
cost function is y=a+bx
a is $35565
b is $2.22
y is the total cost
x is the machine hours
so the cost function is y=35565+2.22x
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