X Company accumulates the following data about maintenance costs, a mixed cost, using hours as the activity level: Hours Cost 35.000 $185,000 August September 40,000 210,000 October 30.000 160.000 November 42,000 220,000 December 51.000 265.000

X Company accumulates the following data about maintenance costs, a mixed cost, using hours as the activity level: Hours Cost 35.000 $185,000 August September 40,000 210,000 October 30.000 160.000 November 42,000 220,000 December 51.000 265.000

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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Question

Based on the above, using the high-low
method, the estimated fixed cost
element is *
O $22,460
O $10,000
$32,000
None of the above

X Company accumulates the following
data about maintenance costs, a mixed
cost, using hours as the activity level:
Hours
Cost
35,000
$185.000
August
September
40,000
210,000
October
30.000
160.000
November
42.000
220,000
December
51.000
265,000

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