Pickens Inc used the high-low points method of analysis. Therefore, the estimated variable cost of electricity per direct manufacturing labor hour should be:
A. $3.28
B. $2.95
C. $3.21
D. $3.11
Answer:C
Pickens Inc used the high-low points method of analysis. Therefore, the estimated variable cost of electricity per direct manufacturing labor hour should be:
A. $3.28 B. $2.95 C. $3.21 D. $3.11