Question
Beta Companys records show the following data for the four quarters of 20X1: Quarter Direct Labor Hours Utilities Cost First 12,100 $ 6,461 Second 14,100
Beta Companys records show the following data for the four quarters of 20X1:
| Quarter | Direct Labor Hours | Utilities Cost | |||||
| First | 12,100 | $ | 6,461 | ||||
| Second | 14,100 | 7,704 | |||||
| Third | 19,200 | 9,372 | |||||
| Fourth | 13,100 | 6,609 | |||||
Required: Compute the fixed and variable elements of utilities cost, using the high-low point method. (Note: Use 3rd quarter data to calculate fixed cost per quarter.) (Do not round your intermediate calculations. Round "Variable cost per unit" answer to 2 decimal places.)
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
