Portman Company's activity for the first three months of 2016 are as follows: Machine...
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Accounting
Portman Company's activity for the first three months of 2016 are as follows:
Machine Hours Electrical Cost
January 80,000 $192,000
February 50,000 160,000
March 90,000 260,000
Using the high-low method, how much is the cost per machine hour?
What is the fixed cost?
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