Figure 3-3. Okafor Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected. Month Lease cost Machine hours April $ 21,000 550 May 16,500 420 June 19,000 510 July 22,230 570 See Figure 3-3: Using the high-low method calculate the fixed cost of leasing Answer $482 $516 $420 $456 3 points Question 12 Figure 3-3. Okafor Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected. Month Lease cost Machine hours April $ 21,000 550 May 16,500 420 June 19,000 510 July 22,230 570 See Figure 3-3: What would Okafor Company