ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
ACCT.PRINCIPLES-WILEYPLUS NEXTGEN
14th Edition
ISBN: 9781119709954
Author: Weygandt
Publisher: WILEY
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Chapter 22, Problem 3E

(a)

To determine

High-Low Method: The high-low method is that method by which the variable component and the fixed component which are in a mixed cost are determined. To find this, the highest and the lowest data points of the cost are considered. This method helps in defining the cost-volume relationship.

To determine: The fixed and variable cost components using the high-low method.

(b)

To determine

To prepare: The graph to show the behavior of maintenance costs, identifying the fixed and variable cost elements.

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