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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Select the correct set of high and low months.

Chapter 3, Problem 11MCQ, Select the correct set of high and low months.

To determine

Identify low and high months.

Explanation

High Low Method:

The method in which, high and low points of data are used to classify the mixed cost into fixed and variable cost known as high low method. Only high and low points are considered in relation to every activity. Intercept and slope (fixed cost and variable cost) are identified based on these two points. This is one among the three costs of separation methods

a.

Machine hour is highest in January with 5,600 hours and lowest in April, with 3,700 hours. Therefore, option a is the correct answer...

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