Using the high-low method, Company X has determined the variable portion of its cost formula for electricity to be $2 per unit. For the month of July Company X estimates that total electricity cost will amount to $66,000 based on producing 30,000 units. The amount of fixed electricity cost estimated for July is:

Fixed cost= $6,000

Explanation:

Giving the following information:

July:

Total cost= $66,000

Number of units= 30,000

Varaible cost per unit= $2

First, we need to calculate the total variable cost:

Total variable cost= 2*30,000

Total variable cost= $60,000

Now, the fixed cost:

Fixed cost= 66,000 - 60,000

Fixed cost= $6,000

answer; ///i believe that the correct answer is (a) it is the means by which a person earns money;

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.