A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 380,000 Sales revenue $ 2,736,000 Va

In cost accounting, the high-low method is a way of attempting to separate out fixed and variable costs given a limited amount of data. The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level. If the variable cost is a fixed charge per unit and fixed costs remain the same, it is possible to determine the fixed and variable costs by solving the system of equations.

1. Calculate variable cost per unit using the identified high and low activity levels

Variable cost = (Total cost of high activity – Total cost of low activity) / (Highest activity unit – Lowest activity unit)

((112,000 X .167) - (168,000 X .132)) / (168,000-112,000) = variable costs

2. Solve for fixed costs

To calculate the total fixed costs, plug either the high or low cost and the variable cost into the total cost formula.

It doesn't appear that you have enough information to answer this section. You need to know total cost to be able to answer this.

Total cost = (Variable cost per unit x units produced) + Total fixed cost

3. Construct total cost equation based on high-low calculations

Answer:

Prices act as a signal that tells producers and consumers how to adjust. Prices tell buyers and sellers whether goods are in short supply or readily available. The price system is flexible and free, and it allows for a wide diversity of goods and services.

Explanation:

The reason why consumers leave without being served because the consumers must have felt mad or upset about the service being served to them-- causing them to leave their orders or to even wait for their time for their turn of having to get their menu taken.

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Land, labor, capital, and entrepreneurship