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:

Subordinates

Individuals who are under the authority and direction of a higher-ranking manager or leader within an organization.

Illegal Activities

Actions or conduct that are forbidden by law and subject to criminal penalties or sanctions.

Ingratiation

A psychological technique wherein an individual attempts to become more attractive or likable to their target, often through flattery or other acts of kindness.

Compliments

Expressions of praise, congratulation, or encouragement.