Reference no: EM132805416

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?