What is the estimated fixed cost element of power costs


At the high level of activity in November, 7,000 machine hours were run and power costs were $12,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $6,000. Using the high-low method, what is the estimated fixed cost element of power costs ?

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Accounting Basics: What is the estimated fixed cost element of power costs
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