Current Attempt in Progress At the high level of activity in November, 12000 machine hours were run and power costs were $18000. In April, a month of low activity, 4000 machine hours were run and power costs amounted to $9000. Using the high-low method, the estimated fixed cost element of power costs is O $4500. $18000. O $9000. O $13500.
Current Attempt in Progress At the high level of activity in November, 12000 machine hours were run and power costs were $18000. In April, a month of low activity, 4000 machine hours were run and power costs amounted to $9000. Using the high-low method, the estimated fixed cost element of power costs is O $4500. $18000. O $9000. O $13500.
Chapter1: Financial Statements And Business Decisions
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Manji
Transcribed Image Text:Current Attempt in Progress
At the high level of activity in November, 12000 machine hours were run and power costs were $18000. In April, a month of low
activity, 4000 machine hours were run and power costs amounted to $9000. Using the high-low method, the estimated fixed cost
element of power costs is
$4500.
$18000.
$9000.
$13500.
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