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Argosy University/ Phoniex University/
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Phoniex University
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CHANGING THE COST FORMULA FOR A MONTH TO THE COST FORMULA FOR A YEAR
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Refer to the Fly High Airlines company information in Exercise 14-31.
Exercise 14-31
HIGH-LOW METHOD, COST FORMULAS
During the past year, the high and low use of three different resources for Fly High Airlines occurred in July and April. The resources are airplane depreciation, fuel, and airplane maintenance. The number of airplane flight hours is the driver. The total costs of the three resources and the related number of airplane flight hours are as follows:

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