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(b) What is the estimated fixed power cost each month? Fixed power costs $ Save for Later High Low

(b) What is the estimated fixed power cost each month? Fixed power costs $ Save for Later High Low

FINANCIAL ACCOUNTING
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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Sheridan Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $28,180 35,836 32,690 26,030 23,680 20,500 Factory Machine Hours 15,700 21,200 18,600 15,000 13,400 10,400 Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers.
Transcribed Image Text:Sheridan Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $28,180 35,836 32,690 26,030 23,680 20,500 Factory Machine Hours 15,700 21,200 18,600 15,000 13,400 10,400 Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers.
(b) What is the estimated fixed power cost each month? Fixed power costs $ Save for Later High Low
Transcribed Image Text:(b) What is the estimated fixed power cost each month? Fixed power costs $ Save for Later High Low
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