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The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January
The following information is available for a company's utility cost for operating its machines over the last four months.
| Month | Machine hours | Utility cost | ||
| January | 990 | $ | 5,540 | |
| February | 1,890 | $ | 7,080 | |
| March | 2,580 | $ | 9,000 | |
| April | 690 | $ | 3,330 | |
Using the high-low method, the estimated total fixed cost for utilities is:
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Auditing At The Speed Of Risk With An Agile Continuous Audit Plan
Authors: Norman Marks
1st Edition
B09PMBSWSC, 979-8787044393
