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The following information is available for a company's utility costs of operating its machines over the last four months. Month Utility cost January February
The following information is available for a company's utility costs of operating its machines over the last four months. Month Utility cost January February March April Machine hours 1,060 $ 6,610 1,960 $ 7,220 2,720 $ 9,700 760 $4,800 Using the high-low method, the estimated total fixed cost for utilities is:
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
