Taunton Company Uses the High-Low Method to Estimate Its Cost

question 129

Multiple Choice

Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is provided below:

What is the estimated total cost when 1,900 machine-hours are used?

• A) $509,600
• B) $290,000
• C) $489,700
• D) $157,700

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Definitions:

Vicarious Experience

Learning or understanding something through the experiences of another person, without having directly experienced it oneself.

Behavior Rehearsal

A technique used in therapy to practice new behaviors or responses in a safe environment before applying them in real-world situations.

Guided Practice

An instructional approach where the teacher leads students through a learning process, providing support and feedback.

Task Implementation

The process of putting plans or decisions into effect to complete specific activities or work.