The Paradise Cruiselines Company provides you with the following cost data for maintenance work on its fleet of cruiseships a Use the high low method to estimate the fixed cost per month and the variable cost per hour b What would be Paradise 's estimated costs if they operate 8,000 hours this mont...

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The Paradise Cruiselines Company provides you with the following cost data for maintenance work on its fleet

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The Paradise Cruiselines Company provides you with the following cost data for maintenance work on its fleet of cruiseships:

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a. Use the high-low method to estimate the fixed cost per month and the variable cost per hour.

b. What would be Paradise's estimated costs if they operate 8,000 hours this month? 10,000 hours?

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Cost Accounting

ISBN: 9780256257113

4th Edition

Authors: Michael W. Maher, Edward B. Deakin

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Question Posted: Jul 01, 2024 02:14 AM

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The Paradise Cruiselines Company provides you with the following cost data for maintenance work on its fleet

Question:

Hours Operated per Month Maintenance Cost ($ millions) 5,200 $1.2 6,800 1.4 8,400 1.6

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Cost Accounting

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