Question
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Cost Machine Hours
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month.
| Cost | Machine Hours | |
| January | $76,960 | 9,900 |
| February | 130,720 | 18,300 |
| March | 93,370 | 12,400 |
| April | 107,310 | 14,600 |
a.$13,600
b.$10,900
c.$43,500
d.$23,100
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
