Solution-Determine the variable cost per receiving order

Determine the variable cost per receiving order

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Reference no: EM13501901

The following information was available about receiving costs for the first 8 months of the year:

Month	Receiving orders	Receiving costs
January	1,100	$21,000
February	1,600	32,000
March	1,700	30,000
April	1,300	23,000
May	900	18,000
June	1,200	20,000
July	1,600	26,500
August	1,050	20,700

1. Determine the variable cost per receiving order using the High-Low method.
2. Determine the fixed cost using the High-Low method.
3. Give the cost equation using the High-Low method.
4. Determine the receiving costs using the High-Low method if the company expects 1,370 receiving orders.

Reference no: EM13501901

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Determine the variable cost per receiving order

Reference no: EM13501901

Reference no: EM13501901

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