Figure 3-11

question 65

Multiple Choice

Figure 3-11. The following four months of data were collected on utility cost and the number of labor hours in a factory.
Refer to Figure 3-11.Using the high-low method,compute the fixed cost of electricity.

• A)$13,740
• B)$10,860
• C)$6,400
• D)none of these are correct

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Definitions:

Salesperson Knowledge

The information and skills that a sales representative possesses, which can include product details, market insights, and customer service techniques.

Product

Any item or service offered for sale, designed to meet a specific need or demand in the market.

Service

Making a contribution to the welfare of others; the product which is an action or activity done for others for a fee.

Premium

Refers to a payment made for insurance coverage or an amount paid for a product/service above its standard cost.