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Please help with this managerial accounting question. Will be sure to leave a review. Thank you! 4. The management of Dethlefsen Corporation would like to
Please help with this managerial accounting question. Will be sure to leave a review. Thank you!
4. The management of Dethlefsen Corporation would like to have a better understanding of the behavior of its inspection costs. The company has provided the following data: February April July Direct Labor-Hours 5,089 5,042 5,026 5,073 5,029 5,040 5,070 5,027 4,995 Inspection Cost 33,122 32,929 $32,870 33,065 32,906 32,913 533,050 32,875 532,746 Management believes that inspection cost is a mixed cost that depends on direct labor-hours Estimate the variable cost per direct labor-hour and the fixed cost per month using the high-low method. Show your work Step by Step Solution
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