Question
Data concerning Veronica Company's activity for the first six months of the year appear below: Month Machine Hours Electrical Costs April 5,100 $2,312 May 6,470
Data concerning Veronica Company's activity for the first six months of the year appear below:
Month | Machine Hours | Electrical Costs |
April | 5,100 | $2,312 |
May | 6,470 | $2,750 |
June | 5,010 | $2,283 |
July | 4,320 | $2,063 |
August | 3,410 | $1,772 |
September | 5,100 | $2,312 |
Do not enter dollar signs or commas in the input boxes. a) Using the high-low method, calculate the variable components of the electrical costs. Round your answer to 5 decimal places. Variable Cost per Unit: $Answer b) Using the high-low method, calculate the fixed component of the electrical costs. Round your answer to the nearest whole number. Fixed Cost: $Answer c) Calculate the total costs be if 5,890 hours were used. Round your answer to 2 decimal places. Estimated Total costs: $Answer
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