Q3. The information below was derived from the 2018 records of HCS Company: Month Units Produced Total Cost (SAR) May 4,350 44,200 June 4,700 44,700 July 5,000 45,000 August 5,400 45,400 September 5,650 47,500 October 5,900 57,150 November 3,450 40,000 December 4,100 40,600 Using the high-low method of analysis, calculate Variable cost Fixed cost, and Determine a cost function.

Q3. The information below was derived from the 2018 records of HCS Company: Month Units Produced Total Cost (SAR) May 4,350 44,200 June 4,700 44,700 July 5,000 45,000 August 5,400 45,400 September 5,650 47,500 October 5,900 57,150 November 3,450 40,000 December 4,100 40,600 Using the high-low method of analysis, calculate Variable cost Fixed cost, and Determine a cost function.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 4E: The following production data came from the records of Olympic Enterprises for the year ended...

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Month	Units Produced	Total Cost (SAR)
May	4,350	44,200
June	4,700	44,700
July	5,000	45,000
August	5,400	45,400
September	5,650	47,500
October	5,900	57,150
November	3,450	40,000
December	4,100	40,600