Showing posts with label Cost behavior estimation-scatter diagram and high-low LO P1. Show all posts
Showing posts with label Cost behavior estimation-scatter diagram and high-low LO P1. Show all posts

Thursday, March 1, 2018

Felix & Co. reports the following information

Felix & Co. reports the following information about its unit sales and cost of sales.

Hint: (Draw an estimated line of cost behavior using a scatter diagram offline.)
 
Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method.