Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected as...


Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected as follows:































Month



Lease cost



Machine hours



    April



$15,000



   800



    May



  10,000



   600



    June



  12,000



   770



    July



  16,000



1,000



Using the high-low method, calculate the fixed cost of leasing.



Jun 09, 2022
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