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Determine the variable cost per receiving order

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Reference no: EM13501901

The following information was available about receiving costs for the first 8 months of the year:

 

Month Receiving orders Receiving costs
January                1,100 $21,000
February                1,600                                            32,000
March                1,700                                            30,000
April                1,300                                            23,000
May                   900                                            18,000
June                1,200                                            20,000
July                1,600                                            26,500
August                1,050                                            20,700

1. Determine the variable cost per receiving order using the High-Low method.
2. Determine the fixed cost using the High-Low method.
3. Give the cost equation using the High-Low method.
4. Determine the receiving costs using the High-Low method if the company expects 1,370 receiving orders.

Reference no: EM13501901

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