The following data relate to the Lisle Company for May and August of the current year:May25,000$1,175,000August29,000$1,247,000Maintenance hoursMaintenance costMay and August were the lowest and highest activity levels, and Lisle uses the high-lowmethod to analyze cost behavior. If maintenance hours are estimated to be 26,000 hoursin October, which of the following statements is true?Select one:O a.Total maintenance costs will be $1,175,000.O b. Total maintenance costs will be $1,182,000.Oc.Total maintenance costs will be $1,193,000.O d. Total maintenance costs will be $1,221,000.e.Total maintenance costs will be $1,247,000.Clear my choicetion 23Maintenance costs at a Tierce Corporation factory are listed below:yetveredMachine-Hours3,658Maintenance Cost$52,986nts out ofJanuaryFebruary3,613$52,5803,6073,614March$52,504FlagAprilS52,585wMacBook Air20>>F4F5F6F7F8F9F10%&4.789.YUR.

Variable cost per unit = ($1,247,000 - $1,175,000) / (29,000 - 25,000) = $18 Fixed cost =…

The following data relate to the Lisle Company for May and August of the current year: May 25,000 $1,175,000 August 29,000 $1,247,000 Maintenance hours Maintenance cost May and August were the lowest and highest activity levels, and Lisle uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true? Select one: O a. Total maintenance costs will be $1,175,000. b. Total maintenance costs will be $1,182,000. O c. Total maintenance costs will be $1,193,000. O d. Total maintenance costs will be $1,221,000. O e. Total maintenance costs will be $1,247,000.

The following data relate to the Lisle Company for May and August of the current year: May 25,000 $1,175,000 August 29,000 $1,247,000 Maintenance hours Maintenance cost May and August were the lowest and highest activity levels, and Lisle uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true? Select one: O a. Total maintenance costs will be $1,175,000. b. Total maintenance costs will be $1,182,000. O c. Total maintenance costs will be $1,193,000. O d. Total maintenance costs will be $1,221,000. O e. Total maintenance costs will be $1,247,000.

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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