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Inspection costs at one of Ratulowski Corporation's factories are listed below:Units ...

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Inspection costs at one of Ratulowski Corporation's factories are listed below:Units ...

Inspection costs at one of Ratulowski Corporation's factories are listed below:

	Units Produced	Inspection Costs
April	920	$ 17,712
May	979	$ 18,100
June	926	$ 17,765
July	910	$ 17,610
August	932	$ 17,794
September	917	$ 17,680
October	934	$ 17,832
November	874	$ 17,110
December	913	$ 17,638

Management believes that inspection cost is a mixed cost that depends on units produced.

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

▸ $17,620.00

▸ $17,111.00

▸ $17,611.00

▸ $8,868.03

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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skdiveelis

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More solutions for this book are available here

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mb83 Author

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Good timing, thanks!

2ne1_12345

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Correct

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