General accounting Solve this question The following cost information is available:Month Hours CostJanuary 10$6,000February 12$7,200March 11$6,600April 20$9,000May☐ 6 $7,600June12$7,200Use the high/low method to estimate both the fixed and variable costs.

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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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The following cost information is available: Month Hours Cost January 10 $6,000 February 12 $7,200 March 11 $6,600 April 20 $9,000 May ☐ 6 $7,600 June 12 $7,200 Use the high/low method to estimate both the fixed and variable costs.