During the months of april through september the following, Ask an Expert

Accounting

During the months of April through September, the following total utility costs were paid at various production volumes:

Month	Total Utility Costs	Total Production Volume
April	$5,000	16,000 units
May	7,000	26,000 units
June	8,000	32,000 units
July	6,000	20,000 units
August	4,000	12,000 units
September	10,000	36,000 units

a. Use the high-low method to calculate the cost formula utility costs.

b. If the production volume were expected to be 22,000 units for the month of November, what amount of total costs would be expected?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9949706

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