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At the high level of activity in November, 7,000 machine hours were run and power costs were $16,000. 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 $16,000. In April, a month of low activity, 3,000 machine hours were run and power costs amounted to $8,000. Using the high-low method, the estimated fixed cost element of power costs is A. $16,000. B. $2,000 C. $8,000. D. $14,000
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