High-Low Method

question 10

Essay

High-low method
The following information is available regarding the total repair costs of Alexander Design Company for six months of 2015: (a)Using the high-low method,compute the following:
(1)The variable element of repair cost per unit of production:
$_________________ per unit
(2)The fixed element of the monthly repair cost: $__________________
(b)Use the cost relationship determined in part a to estimate the total repair cost for July 2015,given that production is scheduled for 2,300 units.$___________________

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Definitions:

Self-actualizing

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Unconditional

Not subject to any conditions, limitations, or exceptions; often used in psychological contexts to describe types of positive regard or love.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, depicting a five-tier model of human needs, from basic physiological needs to self-actualization.

Belongingness

The human emotional need to be an accepted member of a group.