Question - You have been provided with the following information based on performance regarding ABC Ltd for the year ended 31 December 2004:
|
Labour hours (Activity level)
|
Service costs (Shs)
|
|
300
|
150,000
|
|
400
|
155,000
|
|
350
|
153,000
|
|
600
|
192,000
|
|
310
|
145,000
|
|
800
|
200,000
|
Required - Develop a total cost function based on the above data using the high-low method.