Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the company uses the high low method to analyze machine maintenance cost which is a mixed cost. in november the company used the machine for
the company uses the high low method to analyze machine maintenance cost which is a mixed cost. in november the company used the machine for 6607 hours and paid $1182. in december the company used the machine for 5090 hours and paid $1015. how much is the fixed monthly amount?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started