The Shapely Company Uses the High-Low Method to Determine Its

question 80

Multiple Choice

The Shapely Company uses the high-low method to determine its cost equation.The following information was gathered for the past year: If Shapely expects to use 10,000 machine hours next month,what are the estimated direct labor costs?

• A)$160,000.
• B)$180,000.
• C)$175,000.
• D)$150,000.

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Definitions:

Income Inequality

The uneven distribution of income within a population, leading to financial disparity among its members.

Official Definition

An explicitly stated and widely accepted explanation or meaning of a word or concept, often provided by a reputable or governing authority.

Low-Income Cut Off

A threshold used by researchers and policymakers to define the income level below which a family or individual is considered to be living in poverty.

Poverty

The state of having insufficient financial resources to meet the basic needs of living, including food, shelter, and healthcare.