Develop a monthly cost formula for coming year
Question: When Jerome Company's monthly costs were $75,000, sales were $80,000; when its monthly costs were $60,000, sales were $50,000. Use the high-low method to develop a monthly cost formula for Jerome's coming year.
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Also identify one initiative or action the company is planning for the coming year that you will believe will affect revenue or expenses.
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When its monthly costs were $60,000, sales were $50,000. Use the high-low method to develop a monthly cost formula for Jerome's coming year.
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