***Use the following data to answer the next two (2) problems*** MONTH ACTIVITY COST January 525 $6,250 February 750 8,600 March 800 9,200 April 550 6,750 May 1000H 10,000 June 700 8,000 July 600 8,000 August 500L 6,000 Using the Semi-Averages method, what is the estimate of fixed costs?

Use the following data to answer the next two (2) problems MONTH ACTIVITY COST January 525 $6,250 February 750 8,600 March 800 9,200 April 550 6,750 May 1000H 10,000 June 700 8,000 July 600 8,000 August 500L 6,000 Using the Semi-Averages method, what is the estimate of fixed costs?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

***Use the following data to answer the next two (2) problems***

MONTH	ACTIVITY	COST
January	525	$6,250
February	750	8,600
March	800	9,200
April	550	6,750
May	1000H	10,000
June	700	8,000
July	600	8,000
August	500L	6,000

Using the Semi-Averages method, what is the estimate of fixed costs?

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