Reference no: EM132536750

Question 1: Using the high-low method to split mixed costs, the variable rate is found to be $3 per hour and the high point is 200 hours at a total cost of $1,800. What is the fixed cost at 350 hours?

a) $600

b) $750

c) $1,050

d) $1,200

Question 2: Using the information from Question 1. What is the total variable cost at 350 hours?

a) $600

b) $750

c) $1,050

d) $1,200

Question 3: Using the information from Question 1. What is the estimated total cost at 350 hours?

a) $2,850

b) $3,000

c) $1,800

d) $2,250