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Calculate the total costs that should be expected

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Reference no: EM133045861

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: EM133045861

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