Answered: Units Produced Production Costs P 4,000…

Units Produced Production Costs P 4,000 8,000 6,000 7,500 8,500 7,250 Month April Маy June July August September 500 700 900 600 800 550

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

If the high-low points method is used, the results when compared with those under the method of least squares, are (Variable Cost Per Unit, Total Fixed Costs). the given is

a. Equal, Equal

b. Higher by P1.26, Lower by P2,850

c. Lower by P1.26, Higher by P2,850

d. Higher by P5 , Lower by P1,500

Month
Units Produced
Production Costs
April
Мay
June
July
August
September
P 4,000
8,000
6,000
7,500
8,500
7,250
500
700
900
600
800
550

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