The Gangwere Company Has Assembled the Following Data Pertaining to Certain

question 156

Essay

The Gangwere Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable.Gangwere Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Required:
Using the high-low method determine the forecasted cost for July if the number of hours used is expected to be 3,200.

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Definitions:

1900s

Refers to the 20th century, a period marked by significant technological, cultural, and political changes worldwide.

Cyclical

Characterized by patterns that repeat in cycles, often observed in processes such as economic fluctuations, weather patterns, and biological phenomena.

Boundary Crossing

The act of moving beyond established limits or borders, either physically or metaphorically, often leading to new experiences or the blending of cultures.

Stereotypically

In a manner that relies on simplified and generalized beliefs or ideas about a group of people without acknowledging individual variation.