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Buckeye Company has provided the following data for maintenance cost: Prior Year Current Year Machine hours 18,500 21,100 Maintenance cost $30,500 $34,140 The best estimate
Buckeye Company has provided the following data for maintenance cost:
Prior Year | Current Year | |
Machine hours | 18,500 | 21,100 |
Maintenance cost | $30,500 | $34,140 |
The best estimate of the cost formula for maintenance would be: (Do not round intermediate calculations. Round your Variable cost per unit to 2 decimal places.) |
$30,500 per year plus $1.40 per machine hour
$4,600 per year plus $1.40 per machine hour
$4,600 per year plus $.714 per machine hour
$29,540 per year plus $.714 per machine hour
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