The high-low method is used in cost accounting to estimate fixed and variable costs based on a business's highest and lowest ...
Determine the costs that apply. Do a cost-per-unit calculation. A cost for a complete product and one for an incomplete product. What is the formula for ROI in Excel? Enter the ROI formula "=B2-A2" ...
Calculate the fixed production cost. You will need to find the variable cost of production... To determine the total cost, add the fixed and variable costs together... The number of units produced is ...
Complete the calculation to work out the cost of one item. To compare two items, work out the unit price for each to see which is the best value. A concert venue sells a set of 6 tickets (a block ...