Cost Accounting Quiz
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COST BEHAVIOR AND COST-VOLUME-PROFIT
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TechFlow Industries collected quarterly data for equipment maintenance costs over two years: Q1-Y1 (850 hours, $18,500), Q2-Y1 (920 hours, $19,800), Q3-Y1 (780 hours, $17,200), Q4-Y1 (1,050 hours, $22,100), Q1-Y2 (890 hours, $19,200), Q2-Y2 (950 hours, $20,300), Q3-Y2 (810 hours, $17,800), Q4-Y2 (1,080 hours, $22,600). The company wants to use the high-low method but is concerned about seasonal variations. Which quarters should be used as high and low points to minimize seasonal bias?
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