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QUESTION 9 At the high level of activity in November, 7,000 machine hours were run and power costs were $16,000. In April, a month of
QUESTION 9
- At the high level of activity in November, 7,000 machine hours were run and power costs were $16,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $8,000. Using the high-low method, the estimated fixed cost element of power costs is
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