Refer to the data in PE 21-9. Using the high-low method, estimate the fixed costs per month
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Refer to the data in PE 21-9. Using the high-low method, estimate the fixed costs per month based on the variable cost rate (computed in PE 21-9).
Data from PE 21-9.
Transcribed Image Text:
Machine Hours Total Utility Costs Month 450 January February March April $14,600 15,350 16,450 17,700 500 570 650 610 525 May June 16,800 15,800
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The fixed utility costs each month are 7625 computed as shown below Fixed costs Total c...View the full answer
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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