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Compute the fixed and variable cost elements using high-low

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Daniel Office Supplies shows the following data related to shipping costs for the first six months of the year:

Month                   Numbers of Packages Shipped                     Shipping Cost (RM)

January                            100                                                 1,200

February                           120                                                  1,300

March                                125                                                 1,350

April                                   130                                                 1,500

May                                   110                                                    1,400

June                                   90                                                     1,100

Instruction

Problem 1: Compute the fixed and variable cost elements using the high-low method.

Reference no: EM132653722

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