Answered step by step
Verified Expert Solution
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,
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
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started