Banff Company Manufactures Snowboards -Refer to the Figure

question 202

Multiple Choice

Banff Company manufactures snowboards. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected. $\begin{array}{lrr}& & \text { Machine } \\\text { Month } &\text { Lease cost } & \text { hours }\\\text { April } & \$ 21,000 & 550 \\\text { May } & 16,500 & 420 \\\text { June } & 19,000 & 510 \\\text { July } & 22,230 & 570\end{array}$
-Refer to the Figure.Which of the following is the fixed cost of leasing when using the high-low method?

• A)$420
• B)$456
• C)$482
• D)$516

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Definitions:

Contributory Negligence

is a legal doctrine holding that if a party can be shown to have contributed to their own harm, they may be barred from recovering damages from another party who may have also been negligent.

Modified Comparative Negligence

A legal principle in tort law where damages are apportioned among parties according to the degree of fault, limiting a plaintiff's ability to recover if their fault reaches a certain threshold.

Jaywalking

The act of crossing a street outside of designated crosswalks or intersections, often considered a minor legal violation.

Speed Limit

The maximum legal speed at which vehicles may travel on a particular stretch of road, established to enhance safety and reduce accidents.