EBK BUSN
EBK BUSN
11th Edition
ISBN: 8220106798461
Author: Kelly
Publisher: YUZU
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Chapter 13, Problem 3LO
Summary Introduction

To discuss: Trends and strategies in store and non-store retailing.

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At the high level of activity in July, 9,500 machine hours were run, and energy costs amounted to $28,500. In January, a month of low activity, 4,200 machine hours were run, and energy costs totaled $16,800. Using the high-low method, what is the estimated fixed cost element of energy costs?
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