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4. Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Do not

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4. Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Do not round your intermediate calculations. Cost $50,000 85,000 60,000 64,000 Machine Hours 19,500 35,500 22,500 24,500 January February March April

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