Question: Current Attempt in Progress At the high level of activity in November, 12000 machine hours were run and power costs were $14000. In April, a

Current Attempt in Progress At the high level of activity in November, 12000 machine hours were run and power costs were $14000. In April, a month of low activity, 2000 machine hours were run and power costs amounted to $5000. Using the high-low method, the estimated fixed cost element of power costs is O $14000. O $5000. O $3200. O $10800.

 Current Attempt in Progress At the high level of activity in

At the high level of activity in November, 12000 machine hours were run and power costs were $14000. In April, a month of low activity, 2000 machine hours were run and power costs amounted to $5000. Using the high-low method, the estimated fixed cost element of power costs is $14000.$5000.$3200.$10800

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f