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Question - The following information relates to XYZ Company's utilities cost and activity for the first six months of 2021:
Month
Utilities Costs
Units Produced
January
$34,828
12,600
February
31,467
11,200
March
38,272
13,900
April
32,816
11,700
May
39,403
14,400
June
37,099
13,500
XYZ Company expects to produce 12,100 units during July.
Using the high-low method, calculate XYZ Company's expected utilities cost for July.
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