AIF Inc. has been monitoring several activity costs for the prior three years to track thetrending of costs from 2021 through 2022, and 2023. The table provides insight:ACTIVITYInstructingMentoringConsultingYE 2021YE 2022YE 2023$487,000$530,200$460,000$653,000$659,200$672,000$1,345,200$1,290,000$1,200,000In analyzing the costs based on trend analysis, AIF Inc would conclude which of thefollowing correctly? Check all that apply.Instructing in 2023 had a 5.54% decrease.Mentoring in 2023 had a 13.24% decrease.Consulting in 2022 decreased by $90,000Mentoring costs in 2023 increased by 2.91%Check here if none of the items are correct.

The other options are incorrect because:Instructing did not decrease by 5.54% in 2023; it decreased…

Answered: AIF Inc. has been monitoring several…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Super Speedy Delivery Services has the collected the following information about operating expenditures for its delivery truck fleet for the past five years:YearMilesOperating Costs201655,000$195,000201770,000$210,000201850,000$180,000201965,000$205,000202085,000$225,150 Using the high-low method, what is the cost estimate for variable costs for 2021?Select one:A. $1.60B. $1.50C. $1.29D. $2.00
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