Essay
The management of Harrigill Corporation would like to have a better understanding of the behavior of its inspection costs. The company has provided the following data: 
Management believes that inspection cost is a mixed cost that depends on direct labor-hours.
Required:
Estimate the variable cost per direct labor-hour and the fixed cost per month using the high-low method. Show your work! Round off all calculations to the nearest whole cent.
Correct Answer:
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Variable cost = Change in cost ÷ Change...View Answer
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Correct Answer:
Verified
Variable cost = Change in cost ÷ Change...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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