The plant manager has asked you to analyze the cost of electricity used in the manufacturing facility.
Question:
The plant manager has asked you to analyze the cost of electricity used in the manufacturing facility. Information for 2004 and 2005 follows:
Required: Using the high-low method, determine the following:
a. The variable rate for electricity per machine hour.
b. The total fixed cost of electricity.
c. The estimated cost of electricity for next year if machine hours are expected to be 122,500.
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Daulat Daga
I began mentoring when I was in High school but that was just because, I love sharing my learnings. I continued doing that till graduation. During my graduation, I was part of the National Service Scheme (NSS) which facilitates and runs self-funded schools for underprivileged children in India. I learned the value of educating the needy ones and that was one of the best experiences of my mentoring. After Graduation, I joined TESCO as a Business Analyst. Being an engineer, I am quite good at Statistics so based on the evaluation I was given projects as well as business as usuals quite early. After a year, I was mentoring 40-50 people on Statistics and analytical techniques. Analytical techniques include prescriptive, predictive and descriptive analysis along with different models like Recency Frequency Monetary (RFM), Auto-Regressive Integrated Moving Average (ARIMA), Principle Component Analysis (PCA), etc. After completing the 4 months of intensive training, like an evaluation, we gave micro-projects and 95% of the submissions were approved by the Leadership. One thing I would like to point out is whenever I would be mentoring I will ask more questions to ensure students get the concept correct.
Now I have decided to start tutoring again to high school and undergrad students as a part-time tutor so that I can earn a side income along with working on my startup. I have a firm dedication to what I do.
Looking forward to teaching more students in the future and make this world a beautiful place to live.
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