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Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Machine Hours Cost January $81,820 9,600 February 144,460 18,300 March 103,080 12,500 April 120,230 14,900 a. $21,600 b. $40,600 c. $10,200 d. $12,700

Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Machine Hours Cost January $81,820 9,600 February 144,460 18,300 March 103,080 12,500 April 120,230 14,900 a. $21,600 b. $40,600 c. $10,200 d. $12,700

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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Given the following cost and activity

Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Machine Hours Cost January $81,820 9,600 February 144,460 18,300 March 103,080 12,500 April 120,230 14,900 a. $21,600 b. $40,600 c. $10,200 d. $12,700
Transcribed Image Text:Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Machine Hours Cost January $81,820 9,600 February 144,460 18,300 March 103,080 12,500 April 120,230 14,900 a. $21,600 b. $40,600 c. $10,200 d. $12,700
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