INTERMEDIATE ACCOUNTING
10th Edition
ISBN: 9781265246853
Author: SPICELAND
Publisher: PEARSON
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Alpine Manufacturing Company's high and low level of activity last year was 62,000 units of product produced in July and 24,000 units produced in December. Machine maintenance costs were $186,500 in July and $89,300 in December. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 40,000 units.
I am looking for the correct answer to this general accounting problem using valid accounting standards.
Please explain the accurate process for solving this financial accounting question with proper principles.
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