Reference no: EM131255854
With clear and simple Explanation plz With clear and simple Explanation,
High Low Method:
Assume a company has the following manufacturing costs:
Production volume 5,500 units 6,500 units
Direct Material (variable cost)……………….. $12,650 $14,950
Direct Labor (variable cost)………………….. $ 8,800 $10,400
Rent, factory (fixed cost)……..……………... $17,725 $17,725
Electricity, factory (mixed cost)…………….. $9,800 $10,500
Maintenance, factory (mixed cost)…………. $14,300 $15,400
Using the high low method, estimate a cost formula for total manufacturing cost.
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