Do fast answer of this accounting questions Given the following cost and activity observations for SmithManufacturing's electricity costs, use the high-low method to calculateSmith's fixed costs per month.Month Total Cost ($) Production (Units)March 45,200980April 72,6001,560May 89,4002,100Using the high-low method, determine the variable cost per unit andthe total fixed costs. Select the correct answer:a) $39.55 per unit and $6,245 respectivelyb) $39.55 per unit and $45,200 respectivelyc) $42.80 per unit and $6,245 respectivelyd) $42.80 per unit and $45,200 respectively

Step 1: Definition of High-Low MethodHigh-Low Method: A technique used to estimate the fixed and…

Answered: Given the following cost and activity…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...

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