52. The following data pertains to activity and utility costs for two recent years:Year 2 Year 1Activity level in units.Utilities cost.12,0008,000$15,000 $12,000Using the high-low method, the cost formula for utilities is:A. $1.50 per unitB. $8,000 plus $0.50 per unitC. $1.25 per unitD. $6,000 plus $0.75 per unit

Mixed Cost: There are some costs which fluctuate with the level of activity but not in exact…

52. The following data pertains to activity and utility costs for two recent years: Activity level in units.. Utilities cost . Year 2 Year 1 12,000 8,000 $15,000 $12,000 Using the high-low method, the cost formula for utilities is: A. $1.50 per unit B. $8,000 plus $0.50 per unit C. $1.25 per unit D. $6,000 plus $0.75 per unit

52. The following data pertains to activity and utility costs for two recent years: Activity level in units.. Utilities cost . Year 2 Year 1 12,000 8,000 $15,000 $12,000 Using the high-low method, the cost formula for utilities is: A. $1.50 per unit B. $8,000 plus $0.50 per unit C. $1.25 per unit D. $6,000 plus $0.75 per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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