Question
Given the following cost and activity observations for Smithson Companys utilities, use the high-low method to calculate Smithsons fixed costs per month. Do not round
Given the following cost and activity observations for Smithson Companys utilities, use the high-low method to calculate Smithsons fixed costs per month. Do not round intermediate calculations.
| Cost | Machine Hours | |
| January | $52,200 | 20,000 |
| February | 75,000 | 29,000 |
| March | 57,000 | 22,000 |
| April | 64,000 | 24,500 |
a.$1,533
b.$50,600
c.$2,530
d.$22,800
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Advanced Financial Accounting
Authors: Theodore Christensen, David Cottrell, Cassy Budd
13th Edition
1260772136, 9781260772135
