Solution-Calculate the total costs that should be expected

Calculate the total costs that should be expected

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Reference no: EM132965582

Question - A company has recorded the following total costs during the last 5 years

Year Output volume (units) Total costs ($)

2016 1,100 14,000

2017 1,000 13,000

2018 900 12,000

2019 1,200 15,000

2020 1,150 14,500

Required -

(1) Use the high-low method to calculate the total costs that should be expected in 2021, if output of this year is 1250 units.

(2) Discuss the limitations of the High-low method in calculating fixed and variable costs.

Reference no: EM132965582

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Calculate the total costs that should be expected

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Reference no: EM132965582

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