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Using the High-Low Method and the Information Below,compute the Variable

question 157

Multiple Choice

Using the high-low method and the information below,compute the variable cost per telephone hour for PSA Corporation. Using the high-low method and the information below,compute the variable cost per telephone hour for PSA Corporation.   A) $10.00 B) $40.00 C) $26.91 D) $45.00


Definitions:

Unearned Fees

Revenue received by a company for services yet to be performed, recognized as a liability until the services are provided.

Fees Earned

Income received for services provided by a company or individual.

Adjusting Entry

A journal entry made in accounting to adjust income or expense accounts so they align with the accrual method of accounting.

Calendar-Year

A one-year period that begins on January 1 and ends on December 31, used for financial and taxation purposes.

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