use the high-low method to calculate Smithson's fixed costs per month. Given the following cost and activity observations for Smithson Company's utilities, usethe high-low method to calculate Smithson's fixed costs per month.Machine HoursCostJanuary $81,820 9,600February 144,460 18,300March103,080 12,500April120,230 14,900a. $21,600b. $40,600c. $10,200d. $12,700

Step 1: Definition of High-Low MethodThe high-low method is a cost estimation technique used to…

Answered: Given the following cost and activity…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3EA: Burnham Industries incurs these costs for the month: A. What Is the prime cost? B. What is the...

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