Using the High-Low Method, Company X Has Determined the Variable

question 9

Multiple Choice

Using the high-low method, Company X has determined the variable portion of its cost formula for electricity to be $2 per unit.For the month of July Company X estimates that total electricity cost will amount to $66,000 based on producing 30,000 units.The amount of fixed electricity cost estimated for July is:

• A)$0.
• B)$6,000.
• C)$18,000.
• D)$33,000.

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Definitions:

Copyright Act

A law that protects the original works of authorship, including literary, dramatic, musical, and certain other intellectual works from unauthorized use.

Trademark Dilution

A situation where a trademark's distinctiveness or renown is compromised by its unauthorized use on products that do not compete with, but still diminish its unique identity.

Distinctive Quality

A characteristic that sets a person, place, or thing apart from others in a significant and often beneficial way.

Trademark Infringement

The unauthorized use of a trademark, which can cause confusion, deception, or a misunderstanding about the source of goods or services.