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 $26,800 February 38,500 March 28,200 April 30,800 Oa. $23,329 Ob. $10,978 Oc. $43,914 Od. $13,723 9,500 18,000 11,700 15,400

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 $26,800 February 38,500 March 28,200 April 30,800 Oa. $23,329 Ob. $10,978 Oc. $43,914 Od. $13,723 9,500 18,000 11,700 15,400

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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