Mathematics · Cost Accounting - High-Low Method
The following data relates to a company's overhead cost: TimeOutput (units)Overhead Cost ($)Price Index2 years ago1,0003,700121Current year3,00013,000155 Using the high-low technique, what is the variable cost per unit (to the nearest $0.01) expressed in current year prices?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 15.06
- 2$4.46
- 3$4.13✓
- 4$3.22
Correct answer
$4.13
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