Electrical costs at one of Reifel Corporation's factories are listed below: 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:
A)$5,594
B)$3,514
C)$5,875
D)$5,840

Question

Electrical costs at one of Reifel Corporation's factories are listed below: 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:
A)$5,594 
B)$3,514 
C)$5,875 
D)$5,840

Quizplus · Accepted Answer

The Answer of  Electrical costs at one of Reifel Corporation's factories are listed below: 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:
A)$5,594 
B)$3,514 
C)$5,875 
D)$5,840

Electrical Costs at One of Reifel Corporation's Factories Are Listed