Question
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Donotround interim calculations.
CostMachine Hours
January $26,20010,500
February 37,80017,800
March 28,80012,200
April 31,10014,600
a.$30,451
b.$9,516
c.$7,613
d.$16,177
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
