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shtirl [24]
3 years ago
6

The following information is available for a company's utility cost for operating its machines over the last four months. Month

Machine hours Utility cost January 940 $ 5,490 February 1,840 $ 6,980 March 2,480 $ 8,100 April 640 $ 3,900 Using the high-low method, the estimated variable cost per machine hour for utilities is:
Business
1 answer:
andreev551 [17]3 years ago
3 0

Answer:

Variable cost per unit= $2.28

Explanation:

Giving the following information:

January 940 $ 5,490

February 1,840 $ 6,980

March 2,480 $ 8,100

April 640 $ 3,900

<u>To calculate the variable cost per machine hour under the high-low method, we need to use the following formula:</u>

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

Variable cost per unit= (8,100 - 3,900) / (2,480 - 640)

Variable cost per unit= $2.28

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Answer:

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given data

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to find out

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solution

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t = about 30 years

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5 0
3 years ago
Anne is a full-time student at UCLA buts works part-time as a waitress at a diner near her dormitory. She earns an hourly wage b
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Answer:

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If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of pr
FrozenT [24]

Answer:

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