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The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January 930 $6,480 February 1,830 $6,960 March 2,460 $8,400 April 630 $4,740 Using the high-low method, the estimated total fixed cost for utilities is: Multiple Choice О $1,530. О $4,740. $6,030. $3,390. о $3,480.

The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January 930 $6,480 February 1,830 $6,960 March 2,460 $8,400 April 630 $4,740 Using the high-low method, the estimated total fixed cost for utilities is: Multiple Choice О $1,530. О $4,740. $6,030. $3,390. о $3,480.

FINANCIAL ACCOUNTING
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 information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January 930 $6,480 February 1,830 $6,960 March 2,460 $8,400 April 630 $4,740 Using the high-low method, the estimated total fixed cost for utilities is: Multiple Choice О $1,530. О $4,740. $6,030. $3,390. о $3,480.
Transcribed Image Text:The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January 930 $6,480 February 1,830 $6,960 March 2,460 $8,400 April 630 $4,740 Using the high-low method, the estimated total fixed cost for utilities is: Multiple Choice О $1,530. О $4,740. $6,030. $3,390. о $3,480.
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