Given the Following Cost and Activity Observations for George Company's

question 156

Multiple Choice

Given the following cost and activity observations for George Company's utilities, use the high­low method to calculate George's variable utilities costs per machine hour. $$\begin{array} { | l | l | r | } \hline & \text { Cost } & \text { Machine Hours } \\\hline \text { May } &\$16,500 & 105,000 \\\hline \text { June } & 18,000 & 120,000 \\\hline \text { July } & 16,000 & 100,000 \\\hline \text { August } & 17,500 & 117,000 \\\hline\end{array}$$

• A) $100.00
• B) $1.00
• C) $10.00
• D) $0.10

Recognize the responsibilities and risks of parties involved in the transportation and custody of goods.

Identify the legal outcomes regarding the ownership and loss of goods in specific circumstances.

Determine the conditions under which acceptance and rejection of goods can occur.

Explain the implications of non-conformity of goods and the responsibilities of the seller and buyer.

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Definitions:

Drooping

denotes sagging or declining in strength, vigor, or appearance; often refers to parts of the body.

Hyperopia

A defect of vision so that objects can only be seen when they are far away; farsightedness.

Farsightedness

A common vision condition, also known as hyperopia, where distant objects are seen more clearly than close ones.

Tympanic Membrane

The eardrum.