Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the high level of activity in November, 6000 machine hours were run and power costs were $22000. In April, a month of low activity,

image text in transcribed

At the high level of activity in November, 6000 machine hours were run and power costs were $22000. In April, a month of low activity, 1000 machine hours were run and power costs amounted to $13000. Using the high-low method, the estimated fixed cost element of power costs is O $13000. O $10800. O $22000. O $11200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions