Question
At the high level of activity in November, 7,000 machine hours were run and power costs were $18,000. In April, a month of low activity,
At the high level of activity in November, 7,000 machine hours were run and power costs were $18,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $9,000. Using the high-low method, the estimated fixed cost element of power costs is
| A. | $5,400. | |
| B. | $9,000. | |
| C. | $12,600. | |
| D. | $18,000. |
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Succeeding in Business with Microsoft Excel 2013 A Problem Solving Approach
Authors: Debra Gross, Frank Akaiwa, Karleen Nordquist
1st edition
978-1285099149, 9781285963969, 1285099141, 1285963962, 978-1285715346
