Chapter 19, Problem 19.29E

General Accounting

I am looking for the correct answer to this general accounting problem using valid accounting standards.

You have reviewed the utility bills for your company. You have determined that the highest and lowest bills were $6,200 and $4,100 for the months of December and July. If your company produced 850 and 400 units in these months, what was the fixed cost associated with the utility bill?

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Please provide the accurate answer to this general accounting problem using valid techniques.