High-Low method in estimating costs is important, however it has main disadvantages. Discuss.

High-Low method in estimating costs is important, however it has main disadvantages. Discuss.

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ekkarill92 answered 2 years ago

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High-Low method in estimating costs is important, however it has main disadvantages. Discuss. discuss it in...

High-Low method in estimating costs is important, however it has main disadvantages. Discuss. discuss it in your own words

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Discuss what fixed, variable, and mixed costs are and the high-low method for dealing with mixed...

Discuss what fixed, variable, and mixed costs are and the high-low method for dealing with mixed costs

1. When using the high-low method for estimating the fixed and variable portion of a mixed...

1. When using the high-low method for estimating the fixed and variable portion of a mixed cost, you must first find the high and low points of sales. Then, to find the variable cost per unit, you must: Select one: a. Divide the difference in unit sales by the difference in total cost b. Divide the difference in total cost by the difference in unit sales c. Divide the difference in dollar sales by the difference in total cost d....

High-low method Ziegler Inc. has decided to use the high-low method to estimate the total cost...

High-low method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 104,500 $30,703,250 119,500 33,380,750 136,500 36,415,250 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Determine the variable cost per unit and...

Using the high-low method, Vogel Corp. has $90,000 of mixed costs for 31,000 units produced in...

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Please describe the High-Low method and explain how it is used to break costs into the...

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1. High-Low Method for a Service Company Boston Railroad decided to use the high-low method and...

1. High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Boston Railroad is a measure of railroad operating activity, termed “gross-ton miles,” which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January $854,100 325,000 February 952,200 363,000 March 673,000 235,000 April 913,000 351,000 May 765,700...

1. High-Low Method for a Service Company Boston Railroad decided to use the high-low method and...

1. High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Boston Railroad is a measure of railroad operating activity, termed “gross-ton miles,” which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January $929,600 247,000 February 1,036,400 276,000 March 732,500 179,000 April 993,700 268,000 May 833,400...

Question One High-Low Method, High—Low Method, Cost Formulas (LO 3) During the past year, the high...

Question One High-Low Method, High—Low Method, Cost Formulas (LO 3) During the past year, the high and low use of three different resources for Wilson Trucking occurred in July and April. The resources are truck depreciation, fuel, and truck maintenance. The number of kilometres travelled is the driver. The total costs of the three resources and the related number of truck kilometres are as follows: Resource Truck Kilometres Total Cost ($) Truck depreciation: High 46,000,000 2,800,000 Low 32,400,000 2,800,000 Fuel:...

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