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Maintenance expenses of a company are to be analyzed for purposes of constructing a flexible budget. Examination of past records disclosed the following costs and volume measures: Highest $ 89,000 Lowest Cost per month $ 86,000 Machine hours 92,000 86,000 Using the high-low technique, estimate the annual fixed cost for maintenance expenditures: Multiple Choice $392,200. $313,600. $477,700. $516,000. $163,500. Maintenance expenses of a company are to be analyzed for purposes of constructing a flexible budget. Examination of past records disclosed the following costs and volume measures: Highest $ 89,000 Lowest Cost per month $ 86,000 Machine hours 92,000 86,000 Using the high-low technique, estimate the annual fixed cost for maintenance expenditures: Multiple Choice $392,200. $313,600. $477,700. $516,000. $163,500.
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Related Book For
Statistics The Art and Science of Learning from Data
ISBN: 978-0321755940
3rd edition
Authors: Alan Agresti, Christine A. Franklin
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