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The following data relate to the Lisle Company for May and August of the current year: May 25,000 $1,175,000 August 29,000 $1,247,000 Maintenance hours Maintenance cost May and August were the lowest and highest activity levels, and Lisle uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true? Select one: O a. Total maintenance costs will be $1,175,000. b. Total maintenance costs will be $1,182,000. O c. Total maintenance costs will be $1,193,000. O d. Total maintenance costs will be $1,221,000. O e. Total maintenance costs will be $1,247,000.

The following data relate to the Lisle Company for May and August of the current year: May 25,000 $1,175,000 August 29,000 $1,247,000 Maintenance hours Maintenance cost May and August were the lowest and highest activity levels, and Lisle uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true? Select one: O a. Total maintenance costs will be $1,175,000. b. Total maintenance costs will be $1,182,000. O c. Total maintenance costs will be $1,193,000. O d. Total maintenance costs will be $1,221,000. O e. Total maintenance costs will be $1,247,000.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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The following data relate to the Lisle Company for May and August of the current year: May 25,000 $1,175,000 August 29,000 $1,247,000 Maintenance hours Maintenance cost May and August were the lowest and highest activity levels, and Lisle uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true? Select one: O a. Total maintenance costs will be $1,175,000. O b. Total maintenance costs will be $1,182,000. Oc. Total maintenance costs will be $1,193,000. O d. Total maintenance costs will be $1,221,000. e. Total maintenance costs will be $1,247,000. Clear my choice tion 23 Maintenance costs at a Tierce Corporation factory are listed below: yet vered Machine-Hours 3,658 Maintenance Cost $52,986 nts out of January February 3,613 $52,580 3,607 3,614 March $52,504 Flag April S52,585 w MacBook Air 20 >> F4 F5 F6 F7 F8 F9 F10 % & 4. 7 8 9. Y U R.
Transcribed Image Text:The following data relate to the Lisle Company for May and August of the current year: May 25,000 $1,175,000 August 29,000 $1,247,000 Maintenance hours Maintenance cost May and August were the lowest and highest activity levels, and Lisle uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true? Select one: O a. Total maintenance costs will be $1,175,000. O b. Total maintenance costs will be $1,182,000. Oc. Total maintenance costs will be $1,193,000. O d. Total maintenance costs will be $1,221,000. e. Total maintenance costs will be $1,247,000. Clear my choice tion 23 Maintenance costs at a Tierce Corporation factory are listed below: yet vered Machine-Hours 3,658 Maintenance Cost $52,986 nts out of January February 3,613 $52,580 3,607 3,614 March $52,504 Flag April S52,585 w MacBook Air 20 >> F4 F5 F6 F7 F8 F9 F10 % & 4. 7 8 9. Y U R.
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