WebHigh low method is the mathematical method that cost accountant uses to separate fixed and variable cost from mixed cost. We use the high low method when the cost cannot … WebNov 8, 2024 · High-low point method is a technique used to divide a mixed cost into its variable and fixed components. Sometimes it is necessary to determine the fixed and …
The High Low Method (for analyzing mixed costs in …
WebFinal answer. Sheridan Corp. has collected the following data concerning its maintenance costs for the past 6 months. Compute the unit variable costs using the high-low method … WebCompute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit \ ( \$ \) eTextbook and Media Compute the fixed costs using the high-low method for this mixed cost. Show transcribed image text Expert Answer 1st step All steps Final answer Step 1/3 h - fishing master
Question: Compute the fixed cost elements using the high-low …
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 per unit x Highest activity units) or Fixed cost = Lowest activity cost – (Variable cost per unit x Lowest activity units) The resulting 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 is the level of activity (number of … See more The high-low method is an easy way to segregate fixed and variable costs. By only requiring two data values and some algebra, cost … 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 WebHigh-Low Method CR - Pneumoniultramicroscopicsilicovolcanoconiosis - HIGH-LOW METHOD Key Terms - Studocu Pneumoniultramicroscopicsilicovolcanoconiosis revised summer 2015 method key terms and concepts to know variable, fixed and mixed costs many costs are clearly Skip to document Ask an Expert Sign inRegister Sign inRegister … WebExpert Answer. Ivanhoe Company accumulates the following data concerning a mixed cost, using miles as the activity level. Total Cost Miles Driven Total Cost Miles Driven 7,990 … h - hash code hacker