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price index

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › price index

  • This topic has 1 reply, 2 voices, and was last updated 8 months ago by John Moffat.
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  • Author
    Posts
  • May 7, 2022 at 2:58 pm #655120
    kashafaltaf500
    Member
    • Topics: 19
    • Replies: 9
    • ☆

    The following data relates to a company’s overhead cost.

    Time Output Overhead Price index
    (units) cost ($)

    2 years ago 1,000 3,700 121
    Current year 3,000 13,000 155

    Using the high low technique, what is the variable cost per unit (to the nearest $0.01) expressed in
    current year prices?
    A $3.22
    B $4.13
    C $4.65
    D $5.06

    plz help me with this thx

    May 7, 2022 at 6:31 pm #655127
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51545
    • ☆☆☆☆☆

    First you need to change the 2 years ago prices to the current prices using the index numbers provided (as I explain in my free lectures on index numbers).

    Then you can use the high-low technique in the normal way, as again I explain in my free lectures.

    Have you actually watched my free lectures for Paper MA? There is no point at all in attempting questions in your Revision Kit unit you have finished studying all of the topics 🙂

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