1. At the high level of activity in November, 5,400 machine hours were run and power costs were $12,600. In April, a month of low activity, 3,200 machine hours were run and power costs amounted to $8,200. Using the high-low method, calculate the estimated fixed cost element of power costs. $10,800 $1,800 $6,200 $25,200
2. Which set of items below are current assets?
3. Explain and give examples of Line Item Budget and Program/Performance Budget?