Multiple Choice
Electrical costs at one of Noyd Corporation's factories are listed below: Management believes that electrical cost is a mixed cost that depends on machine-hours.
-Using the high-low method, the estimate of the fixed component of electrical cost per month is closest to:
A) $9,266
B) $10,232
C) $10,244
D) $9,881
Correct Answer:

Verified
Correct Answer:
Verified
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