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Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to...

Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations.

Cost

Machine Hours
January $26,400 10,100
February 37,500 18,400
March 28,900 12,000
April 30,200 14,900

a.$21,918

b.$10,314

c.$12,893

d.$41,258

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Answer #1

Answer : C) $ 12,893

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