Pratt Tailors Has Gathered Information on Utility Costs for the Past

question 184

Multiple Choice

Pratt Tailors has gathered information on utility costs for the past year.The controller has decided that utilities are a function of the hours worked during the month.The following information is available and representative of the company's utility costs: If 1,425 hours are worked in a month,total utility cost (rounded to the nearest dollar) using the high-low method should be

• A)$947.
• B)$954.
• C)$959.
• D)$976.

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Definitions:

Securities Transactions

Deals or operations involving the buying, selling, or exchange of securities, such as stocks and bonds, between parties.

Five Years

A period consisting of five consecutive years.

Blue-Sky Laws

State laws in the United States that regulate the sale of securities to protect investors from fraud.

Intrastate Securities

Financial instruments such as stocks or bonds that are sold within a single state, subject to state regulations rather than federal securities laws.