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High Low Method Accounting: Finding the Fixed Cost

Accounting
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A company is analyzing its mixed costs. During July, its busiest month, a company had total labor hours of 14,000 and total costs of $40,000. During February, its slowest month, the company had labor hours of 8,000 and total costs of $25,000. The company is planning for 12,000 direct labor hours next April. How many dollars should the company budget for fixed costs during April? A. $5,000 C. $35,000 B. $6,000 D. $36,000

Feb 19th, 2015

 C. $35,000

Feb 19th, 2015

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