Chapter 2A, Problem 2A.4E

1.

To determine

Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.

To prepare: Scatter-graph of months and total shipping expense.

2.

To determine

Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.

To express: The variable and fixed cost in the form of $Y=a+bX$

3.

To determine

Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.

To express: The variable and fixed cost in the form of $Y=a+bX$

4.

To determine

Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.

To express: The variable and fixed cost in the form of $Y=a+bX$