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Last year, Summit Tools had its highest level of production in July with 120,000 units and total utility costs of $90,000. The lowest production was in February with 60,000 units and costs of $54,000. Estimate the total utility cost if Summit produces 90,000 units in a future month.

Last year, Summit Tools had its highest level of production in July with 120,000 units and total utility costs of $90,000. The lowest production was in February with 60,000 units and costs of $54,000. Estimate the total utility cost if Summit produces 90,000 units in a future month.

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 10Q: If the sales forecast estimates that 50,000 units of product will be sold during the following year,...
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Last year, Summit Tools had its highest level of production in July with 120,000 units and total utility costs of $90,000. The lowest production was in February with 60,000 units and costs of $54,000. Estimate the total utility cost if Summit produces 90,000 units in a future month.
Transcribed Image Text:Last year, Summit Tools had its highest level of production in July with 120,000 units and total utility costs of $90,000. The lowest production was in February with 60,000 units and costs of $54,000. Estimate the total utility cost if Summit produces 90,000 units in a future month.
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