Gribble Company's High and Low Level of Activity Last Year

question 122

Multiple Choice

Gribble Company's high and low level of activity last year was 60000 units of product produced in May and 20000 units produced in November. Machine maintenance costs were $156000 in May and $60000 in November. Using the high-low method determine an estimate of total maintenance cost for a month in which production is expected to be 45000 units.

• A) $135000
• B) $144000
• C) $117000
• D) $120000

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A sovereign state governed as a single entity in which the central government is supreme and any administrative divisions (subnational units) exercise only powers that the central government chooses to delegate.

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The deeply rooted norms, values, beliefs, and attitudes that define the relationship between citizens and government within a political system.

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A system that covers or reimburses medical expenses for individuals, spreading the financial risk of health costs across a large group of people.