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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 | $79,640 | 10,200 |
| February | 135,250 | 18,500 |
| March | 94,720 | 12,400 |
| April | 112,030 | 15,000 |
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Survey Of Accounting
Authors: Carl S. Warren
1st Edition
0538870850, 9780538870856
