The Following Data Relate to the Lisle Company for May

question 33

Multiple Choice

The following data relate to the Lisle Company for May and August of the current year:
May and August were the lowest and highest activity levels,and Lisle uses the high-low method to analyze cost behavior.Which of the following statements is true?

• A)The variable maintenance cost is $18 per hour.
• B)The variable maintenance cost is $22 per hour.
• C)The variable maintenance cost is $24 per hour.
• D)The fixed maintenance cost is $72,000 per month.
• E)More than one of the above statements is truE.

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Definitions:

Current Moods

The emotional state or feeling that a person is experiencing at the present moment.

Secondary Emotion

An emotional reaction that is a response to a primary emotion; for example, feeling shame (secondary) as a result of feeling fear (primary).

Primary Emotion

Primary emotion refers to basic feelings that are hardwired into humans due to evolutionary programming, such as happiness, sadness, fear, and disgust, and are universally experienced across cultures.

School Dance

A social gathering or event organized by a school where students come together to dance and interact in a semi-formal or informal setting.