Forums Financialskills High & Low Method

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  • #2329

    Kumanah
    Participant

    Question

    A company records the following data:

    Month       Activity Level          Cost Incurred

                             Units                        N

    1                 1800                            36,600

    2                2450                             41,150

    3                2100                             38,700

    4                2000                            38,000

    5                1750                              36,250

    6                1950                             37,650

    Required:

    a)    Estimate the cost equation

    b) Estimate the cost that will be incurred in month 7 when 2400 units are projected to be produced.

    #2346

    Anonymous

    Thanks. This information is invaluable.

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