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. 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
Chapter 21, Practice Exercises #10
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.
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The fixed utility costs each month are $7,625, computed as shown below. Fixed costs = Tota…View the full answer
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11th Edition
Authors: Albrecht Stice, Stice Swain
ISBN: 978-0538745482