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djverab [1.8K]
3 years ago
13

The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of mai

ntenance costs.Month Total Total Machine Hours Maintenance Costs January $ 3,041 4,032February 3,456 4,608March 4,147 6,912April 5,184 9,101May 3,686 5,760June 5,322 9,216Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.)
Business
1 answer:
Deffense [45]3 years ago
3 0

Answer:

Variable cost per unit= $2.27 per machine hour

Explanation:

Giving the following information:

January 3,041 $4,032

February 3,456 $4,608

March 4,147 $6,912

April 5,184 $9,101

May 3,686 $5,760

June 5,322 $9,216

To calculate the unitary variable cost, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (9,216 - 4,032) / (5,322 - 3,041)

Variable cost per unit= $2.27 per machine hour

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Commodity futures contracts can be bought and sold on the open market for which reason
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3 years ago
Prepare a journal entry for the purchase of office equipment on February 19 for $31,700, paying $7,600 cash and the remainder on
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Answer:

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Explanation:

Preparation of the journal entry for the purchase of office equipment on February 19

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3 years ago
If you have employees you’ll have to pay the ____ tax which is used to pay compensation to workers who lose their jobs
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I = Prt

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3 years ago
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