Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs...
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Accounting
Glascro 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 as follows: Lease cost Machine hours Month $15,000 April 800 May 10,000 600 June 12,000 770 July 16,000 1,000 Using the high-low method, calculate the fixed cost of leasing. a. $2,000 'b. $1,500 c. $2,500 d. $1,000
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