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.Do not round your
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.Do not round your intermediate calculations.
Month Cost Machine Hours
Jan $52,200 20,000
Feb $75,000 29,000
Mar $57,000 22,000
April $64,000 24,500
What formula do I use to figure out the fixed cost per month?
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Cornerstones Of Cost Accounting
Authors: Don Hansen, Maryanne M. Mowen
1st Edition
053873678X, 978-0538736787
