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:

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:

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:

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