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The following information relates to ABC Company's utilities cost and activity for the first six months of 2021: Month Utilities costs Units produced January $34,828 12,600 February 31,467 11,200 March 38,272 13,900 April 32,816 11,700 May 39,403 14,400 June 37,099 13,500 ABC Company expects to produce 12,100 units during July. Using the high-low method, calculate ABC Company's expected utilities cost for July.

The following information relates to ABC Company's utilities cost and activity for the first six months of 2021: Month Utilities costs Units produced January $34,828 12,600 February 31,467 11,200 March 38,272 13,900 April 32,816 11,700 May 39,403 14,400 June 37,099 13,500 ABC Company expects to produce 12,100 units during July. Using the high-low method, calculate ABC Company's expected utilities cost for July.

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 relates to ABC Company's utilities cost and activity for the first six months of 2021: Month Utilities costs Units produced January $34,828 12,600 February 31,467 11,200 March 38,272 13,900 April 32,816 11,700 May 39,403 14,400 June 37,099 13,500 ABC Company expects to produce 12,100 units during July. Using the high-low method, calculate ABC Company's expected utilities cost for July.
Transcribed Image Text:The following information relates to ABC Company's utilities cost and activity for the first six months of 2021: Month Utilities costs Units produced January $34,828 12,600 February 31,467 11,200 March 38,272 13,900 April 32,816 11,700 May 39,403 14,400 June 37,099 13,500 ABC Company expects to produce 12,100 units during July. Using the high-low method, calculate ABC Company's expected utilities cost for July.
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