The controller at Speedy Delivery wants to break-out the cost of deliveries into fixed and variable components so that they will be better able to predict costs for next year.Below are the delivery cost incurred each month and the number of deliveries.
Required: Using the high-low method:
1.)Calculate the fixed cost of overhead.
2.)Calculate the variable rate per labor hour.
3.)Construct the cost formula for total overhead cost.
4.)The company is estimating that in January the number of deliveries will be 125.How much should they estimate to have in total delivery costs for January?
Definitions:
Rote Memorization
A learning technique that involves repeating information over and over to get it ingrained in memory without understanding the meaning.
Muckraker
Historically, a journalist who exposed corruption, scandals, and injustices, primarily during the early 20th century in the United States.
Expert System
A computer program designed to model the judgments of a human expert in a particular field.
Journalists
Professionals who gather, write, and distribute news and other current information to the public.
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