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At the high level of activity in November, 9000 machine hours were run and power costs were $16000. In April, a month of low activity,
At the high level of activity in November, 9000 machine hours were run and power costs were $16000. In April, a month of low activity, 3000 machine hours were run and power costs amounted to $7000. Using the high-low method, the estimated fixed cost element of power costs is
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