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Q1) Wilson Company's activity for first six of present year is as follows:

Month

Machine Hours

Electrical Cost

January

2,000

$1,560

February

3,000

$2,200

March

2,400

$1,750

April

1,900

$1,520

May

1,800

$1,480

June

2,100

$1,600

Using high-low method, fixed portion of electrical cost each month would be:

i) $400

ii)  $760

iii)  $280

iv)  $190

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916269

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