2. The following data pertains to activity and maintenance costs for two recent years: Year I Year 2 Activity in Units Maintenance 500 400 $15,000 S13,000 Costs Using the high-low method, the cost formula for maintenance would be: A. $0.50 per unit B. $3.00 per unit C. $10,000 plus $0.50 per unit D. $5,000 plus $2.00 per unit

2. The following data pertains to activity and maintenance costs for two recent years: Year I Year 2 Activity in Units Maintenance 500 400 $15,000 S13,000 Costs Using the high-low method, the cost formula for maintenance would be: A. $0.50 per unit B. $3.00 per unit C. $10,000 plus $0.50 per unit D. $5,000 plus $2.00 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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