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Sheridan Cabins has 8 units for rent. In July, all units were rented for all 31 days of the month. The July utility bill was
Sheridan Cabins has 8 units for rent. In July, all units were rented for all 31 days of the month. The July utility bill was $2300. In February, 6 cabins were rented for 10 days each. The February utility bill was $608. In April, 7 cabins were rented for 14 days each and the monthly utility bill was $990. Use the high-low method to determine the estimated fixed cost component of the company's utility bill. $101 $0 $68 $608
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