Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Do not round your intermediate calculations. January $52,200 February 75,000 March 57,000 64,000 April Cost Machine Hours a. $2,530 b. $1,533 c. $22,800 Od. $50,600 20,000 29,000 22,000 24,500

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter2: Building Blocks Of Managerial Accounting
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Problem 9EB: The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method,...
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Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Do not
round your intermediate calculations.
Cost Machine Hours
January $52,200
February 75,000
March
57,000
April
64,000
a. $2,530
Ob. $1,533
c. $22,800
Od. $50,600
20,000
29,000
22,000
24,500
Transcribed Image Text:Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Do not round your intermediate calculations. Cost Machine Hours January $52,200 February 75,000 March 57,000 April 64,000 a. $2,530 Ob. $1,533 c. $22,800 Od. $50,600 20,000 29,000 22,000 24,500
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