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Larker Brothers,Inc.,used the high-low method to derive its cost formula for electrical power cost.According to the cost formula,the variable cost per unit of activity is $4 per machine-hour.Total electrical power cost at the high level of activity was $19,200 and at the low level of activity was $18,400.If the high level of activity was 3,300 machine hours,then the low level of activity was:
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The act of receiving or consenting to something as satisfactory or true.
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A stance or viewpoint adopted by an individual or organization on a particular issue or topic.
Inductive Argument
A form of reasoning in which the premises seek to supply strong evidence for (not absolute proof of) the truth of the conclusion.
False Conclusion
An incorrect result or ending reached through reasoning or argumentation.
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