Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,800 February 38,500 March 28,200 April 30,800 Oa. $23,329 Ob. $10,978 Oc. $43,914 Od. $13,723 9,500 18,000 11,700 15,400

Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,800 February 38,500 March 28,200 April 30,800 Oa. $23,329 Ob. $10,978 Oc. $43,914 Od. $13,723 9,500 18,000 11,700 15,400

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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