Gibble Companys high and low levels of activity last year was 60,000 units of product...
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Accounting
Gibble Companys high and low levels of activity last year was 60,000 units of product produced in May and 20,000 units produced in November. Machine maintenance costs were $156,000 in May and $60,000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 45,000 units
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