Given the Following Cost and Activity Observations for Merritt Company's

question 69

Multiple Choice

Given the following cost and activity observations for Merritt Company's utilities, use the high-low method to calculate Merritt's fixed costs per month. $\begin{array}{lll}\text { Machine Hours}&\text { Cost }\\20,000 & \$ 52,600 & \text { January } \\29,000 & 75,100 & \text { February } \\22,000 & 57,000 & \text { March } \\24,500 & 64,000 & \text { April }\end{array}$

• A) $25,100
• B) $50,000
• C) $22,500
• D) $2,600

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A health care professional who performs administrative and clinical tasks to support the work of physicians and other health professionals.

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A medical professional who is qualified to diagnose and treat illnesses, diseases, injuries, and other physical and mental impairments in humans.

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Someone under the care or treatment of healthcare practitioners.

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The immediate authority figure or manager responsible for overseeing an individual's work performance in an organizational setting.