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Cornerstones of Managerial Accounting Study Set 1
Quiz 3: Cost Behaviour
Refer to the Figure
Question 76
Multiple Choice
Refer to the Figure.Which of the following is the set of high and low months? High Low A) June August B) June July C) May July D) May August
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Related questions
Q 77
Refer to the Figure.What is the variable rate for the utility cost when using the high-low method? A) $1.02 B) $1.07 C) $2.00 D) $2.80
Q 78
Refer to the Figure.What is the fixed cost of electricity when using the high-low method? A) $6,400 B) $10,860 C) $13,740 D) $24,000
Q 79
Refer to the Figure.What would be the estimate of electricity cost if the factory incurred 4,700 labour hours next month? A) $9,400 B) $19,560 C) $20,260 D) $23,140
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