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Okafor Company manufactures skis. The management accountant wants to calculate the fixed and variable costs...

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Accounting

Okafor Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected.

Month Lease cost Machine hours
April $25,200 1,100
May 19,800 840
June 22,800 1,020
July 26,700 1,140

Using the high-low method calculate the fixed cost for the lease cost.

Note. Enter numbers only-- do not use a dollar sign ($) or comma.

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