Daisy Bakes Order Co. applied the high-low method of cost estimation to customer order data for the first 4 months
Daisy Bakes Order Co. applied the high-low method of cost estimation to customer order data for the first 4 months
of the year.
What is the estimated variable order-filling cost component per order?
Month Number of Orders Costs
January 1,200 $3,120
February 1,300 $3,185
March 1,800 $4,320
April 1,700 $3,895
a) $2.00
b)$2.42
c) 2.48
d) $2.50