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can someons help me with this managerial practice problem Use the following information to answer the questions. Month January February March April May June July
can someons help me with this managerial practice problem
Use the following information to answer the questions. Month January February March April May June July August September October November December Machine Hours 3,000 850 4,430 1,470 3,650 1, 12 3.910 3,840 1,000 1,090 2,040 2,990 Electricity Costs $ 15,00 $ 4,250 $ 18,570 $ 7,350 $18,250 $ 5,600 $ 17,425 $ 17,288 $ 9,500 $ 5,450 $10,200 $14,950 Required: 1. Estimate the fixed cost of electricity per month and the variable cost of electricity per machine hour using the high-low method. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) por machine hour Variable cost of electricity Fixed cost of electricity por month Step by Step Solution
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