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
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 9EB: The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method,...
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
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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