10 Points Question 7 At the high level of activity in November, 7,000 machine hours were...

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10 Points Question 7 At the high level of activity in November, 7,000 machine hours were run and power costs were $18,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $9,000. Using the high-low method, the estimated fixed cost element of power costs is A $5,400 B. $12,600 $9,000 D) $18,000 10 Points Question 7 At the high level of activity in November, 7,000 machine hours were run and power costs were $18,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $9,000. Using the high-low method, the estimated fixed cost element of power costs is A $5,400 B. $12,600 $9,000 D) $18,000

Answer rating: 100% (QA)

Solution Using High Low method Variable cost per unit Highest Activity ... View the full answer