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1. 2. At the high level of activity in November, 12000 machine hours were run and power costs were $22000. In April, a month of
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At the high level of activity in November, 12000 machine hours were run and power costs were $22000. In April, a month of low activity, 5000 machine hours were run and power costs amounted to $15000. Using the high-low method, the estimated fixed cost element of power costs is $10000. $15000. $22000. $12000. Fixed costs are $ 500000 and the variable costs are 80% of the unit selling price. What is the break-even point in dollars? $ 2000000 $ 1687500 $ 2500000 O $ 625000Step by Step Solution
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