QUESTION 2A factory's records show the following costs and outputs for the last five months:Month|JanuaryFebruaryMarchCost (£)17,125Output65017,800940AprilMay18,65017,98018,7601,2609901,150Using the High - Low method to calculate, what wouid the cost be of producing 1,000 units?O a. E15,500.00Ob.E17,958.40Oc £18,000.00d. E18,269.50

High-low method is used to differentiate the fixed and variable cost from a limited amount of data.

QUESTION 2 A factory's records show the following costs and outputs for the last five months: Month January February March April May Cost (£) 17,125 17,800 18,650 17,980 18,760 Output 650 940 1,260 990 1,150 Using the High - Low method to calculate, what would the cast be of producing 1,000 units? O a E15,500.00 Ob.E17,958.40 Oc £18,000.00 O d. E18,269.50

QUESTION 2 A factory's records show the following costs and outputs for the last five months: Month January February March April May Cost (£) 17,125 17,800 18,650 17,980 18,760 Output 650 940 1,260 990 1,150 Using the High - Low method to calculate, what would the cast be of producing 1,000 units? O a E15,500.00 Ob.E17,958.40 Oc £18,000.00 O d. E18,269.50

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 38E: Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month:...

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