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The Following Data Relate to the Lisle Company for May

Question 33

Multiple Choice

The following data relate to the Lisle Company for May and August of the current year: The following data relate to the Lisle Company for May and August of the current year: May and August were the lowest and highest activity levels,and Lisle uses the high-low method to analyze cost behavior.Which of the following statements is true? A) The variable maintenance cost is $18 per hour. B) The variable maintenance cost is $22 per hour. C) The variable maintenance cost is $24 per hour. D) The fixed maintenance cost is $72,000 per month. E) More than one of the above statements is truE.
May and August were the lowest and highest activity levels,and Lisle uses the high-low method to analyze cost behavior.Which of the following statements is true?


A) The variable maintenance cost is $18 per hour.
B) The variable maintenance cost is $22 per hour.
C) The variable maintenance cost is $24 per hour.
D) The fixed maintenance cost is $72,000 per month.
E) More than one of the above statements is truE.

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