What is the cost function of the operation cost

Assignment Help Cost Accounting

Reference no: EM132667152

As part of a cost study, the cost accountant of Shinly Corporation has recorded the cost of operations at seven different levels of materials usage. The records show the following:

Kilos of materials Costs of operation

80 P800

60 P480

20 P320

120 P1, 200

140 P1, 280

40 P480

100 P1, 040

Problem 1: Using the high-low points method, the variable cost of operations per kilo of materials used is _______

Problem 2: Using the same high-low points method, the fixed cost of operations is _______

Problem 3: What is the cost function of the Operation cost?

Reference no: EM132667152

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