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    Managerial Accounting Study Set 14
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    Exam 1: Managerial Accounting and Cost Concepts
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    Using the High-Low Method, the Estimate of the Fixed Component
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Using the High-Low Method, the Estimate of the Fixed Component

Question 53

Question 53

Multiple Choice

Using the high-low method, the estimate of the fixed component of electrical cost per month is closest to:


A) $7,371
B) $5,731
C) $5,875
D) $5,840

Correct Answer:

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