At the high level of activity in November, 9000 machine hours were run and power costs were
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Question:
At the high level of activity in November, 9000 machine hours were run and power costs were $20000. In April, a month of low activity, 4000 machine hours were run and power costs amounted to $11000. Using the high-low method, the estimated fixed cost element of power costs is
$3800.
$20000.
$16200.
$11000.
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