WebThe cost function for this particular set using the scatter graph method is: y = $12,000 + $26.67x. Conclusion. Compared to the high-low method which considers the highest level and lowest level of activity only, the scatter graph method is more reliable since it considers all data points. However, drawing the line of best fit involves some ... WebThe x values are the independent variables since they cause the variation in costs. B. Draw a straight line through the points corresponding to the low and high cost drivers or activity levels. C. Compute the slope of the line which represents the variable cost per unit by using the following formula: b = y high – y low x high – x low. D.
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WebNov 8, 2024 · The cost function Like scatter graph method and least squares regression method, high-low point method follows the following cost function (also known as cost …WebApr 13, 2024 · Using the high-low method, determine the cost formula for utility cost. b. Prepare a flexible budget with separate variable and fixed categories for utility cost at 1,325, 1,500, and 1,675 machine hours. y = a + bx fixed variable/ unit ( b) cost cost xactivity level (x) change in total cost 1, 140 - 900 260 = 0. 4 machine hrs change in activity ... side by side vacation rentals florida
Scatter Graph Method: Cost Behavior - Accountingverse
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