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bklm1234 bklm1234
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A year ago

Electrical costs at one of Rome Corporation's factories are listed below:

Machine-HoursElectrical Cost
March458$ 1,007
April423$ 934
May440$ 979
June409$ 902
July426$ 952
August372$ 822
September414$ 926
October431$ 949
November468$ 1,025

Management believes that electrical cost is a mixed cost that depends on machine-hours.

Using the high-low method, the estimate of the fixed component of electrical cost per month is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ $822

▸ $743

▸ $38

▸ $944
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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shadowblacwshadowblacw
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A year ago
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bklm1234 Author
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A year ago
This helped my grade so much Perfect
lolaww
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Yesterday
Smart ... Thanks!
klyn
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2 hours ago
Thank you, thank you, thank you!
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