Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cape Breton Cleaners Ltd. provides cleaning services for office buildings. They have collected the following data showing the total number of hours spent cleaning and

Cape Breton Cleaners Ltd. provides cleaning services for office buildings. They have collected the following data showing the total number of hours spent cleaning and the total costs for the past 6 months. Total hours Total cost January 1,550 44,500 February 1,400 41,200 March 1,850 50,000 April 1,300 39,800 May 1,900 50,600 June 1,700 46,900

1. Using the high-low method estimate the variable cost per hour.

2. Estimate the total fixed cost per month

3. For the month of July Cape Breton Cleaners Ltd. is expecting total hours of 1,600. Estimate the total costs that will be incurred for July.

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_2

Step: 3

blur-text-image_3

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

Social Responsibility Audit A Management Tool For Survival

Authors: John W Humble

1st Edition

0900853522, 978-0900853524

More Books

Students also viewed these Accounting questions

Question

a. Within 1.5 SDs of its mean value?

Answered: 1 week ago