Inspection costs at one of Krivanek Corporation's factories are listed below:
Management believes that inspection cost is a mixed cost that depends on units produced.
-Using the high-low method,the estimate of the fixed component of inspection cost per month is closest to:
A)$8,743
B)$8,887
C)$8,683
D)$6,869

Question

Inspection costs at one of Krivanek Corporation's factories are listed below:  
Management believes that inspection cost is a mixed cost that depends on units produced.
-Using the high-low method,the estimate of the fixed component of inspection cost per month is closest to:
A)$8,743 
B)$8,887 
C)$8,683 
D)$6,869

Quizplus · Accepted Answer

The Answer of Inspection costs at one of Krivanek Corporation's factories are listed below:  
Management believes that inspection cost is a mixed cost that depends on units produced.
-Using the high-low method,the estimate of the fixed component of inspection cost per month is closest to:
A)$8,743 
B)$8,887 
C)$8,683 
D)$6,869

Inspection Costs at One of Krivanek Corporation's Factories Are Listed