Electrical Costs at One of Reifel Corporation's Factories Are Listed

question 45

Multiple Choice

Electrical costs at one of Reifel Corporation's factories are listed below: Management believes that electrical cost is a mixed cost that depends on machine-hours.
-Using the high-low method,the estimate of the fixed component of electrical cost per month is closest to:

• A)$5,594
• B)$3,514
• C)$5,875
• D)$5,840

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Comparative advantage is the ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

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A rise in the output of products and services within an economy over a certain duration, typically assessed through the Gross Domestic Product (GDP).

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