High-low method accounting formula
WebNext, move on to fitting a line through a set of points. The following spreadsheet shows an example of monthly unit production and the associated cost (sorted from low to high). These data are also plotted on the graph. Through the middle of the data points is drawn a line, with the formula of: Y = $138,533 + $10.34X. How was the formula derived? WebHigh month total cost $188721. Low month total cost $132082 High month machine hours 697. Low month machine hours 426. Use the high low method to determine cost …
High-low method accounting formula
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WebThe high -low method uses cost and activity data from just two data points to establish the formula for a mixed cost. True False 3. Mixed costs are included in cost of goods sold on … WebApr 24, 2024 · The high-low method accounting formula is used to calculate per unit variable cost by subtracting the cost of the lowest activity from the cost of the highest activity and dividing the resultant amount by the …
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WebF i x e d C o s t = M i x e d C o s t – T o t a l V a r i a b l e C o s t High Low Method Example Company A produces product X. During 20X9, the company has produced the following …
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