Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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General Accounting Question No 21 :

The following information is available for a company's utility
cost for operating its machines over the last four months.
Machine hours Utility cost
Month
January 960
$5,510
February 1,860
$7,020
March 2,520
$8,700
April
660
$4,050
Using the high-low method, calculate the estimated total
fixed cost for utilities.
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Transcribed Image Text:The following information is available for a company's utility cost for operating its machines over the last four months. Machine hours Utility cost Month January 960 $5,510 February 1,860 $7,020 March 2,520 $8,700 April 660 $4,050 Using the high-low method, calculate the estimated total fixed cost for utilities.
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Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning