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A corporation has the following information for the first quarter of its year: Machine Hours Cleaning Expense January 2,100 $ 900 February 2,600 1,200 March
A corporation has the following information for the first quarter of its year:
| Machine Hours | Cleaning Expense | |
| January | 2,100 | $ 900 |
| February | 2,600 | 1,200 |
| March | 1,600 | 800 |
| April | 2,000 | 1,000 |
Using the high-low method, what is the corporations fixed cost?
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
