Solution-Calculate the total costs that should be expected

Calculate the total costs that should be expected

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Reference no: EM133042026

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

Month	Output volume (units)	Total costs ($)
1	150	1,120
2	100	1,000
3	160	1,210
4	200	1,500
5	180	1,410

Required -

(1) Use the high-low method to calculate the total costs that should be expected in Month 6, if output of this month is 250 units.

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

Reference no: EM133042026

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Calculate the total costs that should be expected

Reference no: EM133042026

Reference no: EM133042026

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