Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar, Do not round interim calculations. Cost Machine Hours January $26,300 10,200 February 36,000 18,300 March 28,900 11,700 April 30,100 15,500 Oa. S23,946 Ob. S11,269 Oc. S45,075 Od. S14,086

Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar, Do not round interim calculations. Cost Machine Hours January $26,300 10,200 February 36,000 18,300 March 28,900 11,700 April 30,100 15,500 Oa. S23,946 Ob. S11,269 Oc. S45,075 Od. S14,086

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5PB: Wellington, Inc., reports the following contribution margin income statement for the month of May....

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