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. Do not round intermediate calculations. Cost...


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. Do not round intermediate calculations.































CostMachine Hours
January$52,20020,000
February75,00029,000
March57,00022,000
April64,00024,500



a.$22,800

b.$50,600

c.$2,530

d.$1,533



Jun 08, 2022
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