Inspection costs at one of Iuliano 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 variable component of inspection cost per unit produced is closest to:
A)$10.57
B)$0.11
C)$17.89
D)$9.33

Question

Inspection costs at one of Iuliano 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 variable component of inspection cost per unit produced is closest to:
A)$10.57 
B)$0.11 
C)$17.89 
D)$9.33

Quizplus · Accepted Answer

The Answer of Inspection costs at one of Iuliano 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 variable component of inspection cost per unit produced is closest to:
A)$10.57 
B)$0.11 
C)$17.89 
D)$9.33

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