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Wilson Company's activity for the first six months of the current year is as follows: Machine Hours Electrical Cost Month January 2,000 $1,600 February 3,000 $2,200 March 2,400 $1,840 April 1,900 $1,540 May 1,800 $1,480 June 2,100 $1,660 Using the high-low method, the fixed portion of the electrical cost each month would be? a. $760. b. $190. c. $400. d. $280.

Wilson Company's activity for the first six months of the current year is as follows: Machine Hours Electrical Cost Month January 2,000 $1,600 February 3,000 $2,200 March 2,400 $1,840 April 1,900 $1,540 May 1,800 $1,480 June 2,100 $1,660 Using the high-low method, the fixed portion of the electrical cost each month would be? a. $760. b. $190. c. $400. d. $280.

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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Wilson Company's activity for the first six months of the current year is as follows: Machine Hours Electrical Cost Month January 2,000 $1,600 February 3,000 $2,200 March 2,400 $1,840 April 1,900 $1,540 May 1,800 $1,480 June 2,100 $1,660 Using the high-low method, the fixed portion of the electrical cost each month would be? a. $760. b. $190. c. $400. d. $280.
Transcribed Image Text:Wilson Company's activity for the first six months of the current year is as follows: Machine Hours Electrical Cost Month January 2,000 $1,600 February 3,000 $2,200 March 2,400 $1,840 April 1,900 $1,540 May 1,800 $1,480 June 2,100 $1,660 Using the high-low method, the fixed portion of the electrical cost each month would be? a. $760. b. $190. c. $400. d. $280.
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