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Use the following information to answer the following Questions
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:
-The fixed utilities cost per month for Barkoff is:
Materials Requirement Plan (MRP)
A system for calculating the materials and components needed to manufacture a product, ensuring the right materials are available for production at the right time.
Independent Demand Items
Products for which demand is not influenced by the demand for other products, typically finished goods or spare parts.
Adaptive Manufacturing
A flexible approach to production that can be quickly adjusted in response to changing market demands or technological advancements.
Lean Manufacturing
A systematic method for waste minimization within manufacturing systems without sacrificing productivity.
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