Question
Data concerning Crane Companys activity for the first three months are shown below. Month Machine Hours Repair Cost January 4,200 $3,300 February 5,000 3,724 March
Data concerning Crane Companys activity for the first three months are shown below.
| Month | Machine Hours | Repair Cost | ||
|---|---|---|---|---|
| January | 4,200 | $3,300 | ||
| February | 5,000 | 3,724 | ||
| March | 3,800 | 3,100 |
Using the high-low method of analysis, determine the estimated variable cost per machine hour and the total fixed cost. (Round answer to 2 decimal places, e.g. 52.75.)
| Variable Cost Per Machine Hour | $enter a varaible cost per machine hour in dollar rounded to 2 decimal places | |
|---|---|---|
| Total Fixed Cost |
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Security And Loss Prevention An Introduction
Authors: Philip Purpura CPP Florence Darlington Technical College
7th Edition
0128117958, 9780128117958
