Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's following

image text in transcribed
image text in transcribed
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's following data are available for the first six months of the year: Machine Hours Month January February March April May June Utilities 58.900 38300 $8.950 59 300 $9.500 $9 150 820 700 810 920 950 900 March April May June 500 $9 360 59,600 59,150 810 920 950 900 1. Using the high-low method, find the variable utilities cost per machine hour for Barkoff. (5 points) 2. Using the high-low method, find the fixed utilities cost per month for Barkoff. (5 points) 3. Using the high-low method, find the utilities cost for Barkoff associated with 995 machine hours. (5 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Systems Control And Audit

Authors: Et Al. Hyo-Jeong Kim, Michael Mannino, Compiled By Koros Press Editorial Board

1st Edition

1781639426, 978-1781639429

More Books

Students also viewed these Accounting questions

Question

6. Identify characteristics of whiteness.

Answered: 1 week ago

Question

9. Explain the relationship between identity and communication.

Answered: 1 week ago