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Electrical costs at Claude's Custom Factory are listed below: Machine Hours Electrical Cost $183,816 January 36,420 February 36,160 $182,376 March 24,670 $128,955 April 29,120 $150,188
Electrical costs at Claude's Custom Factory are listed below: Machine Hours Electrical Cost $183,816 January 36,420 February 36,160 $182,376 March 24,670 $128,955 April 29,120 $150,188 May 35,480 $178,452 June 36,650 $175,955 July 36,440 $179,168 August 37,450 $190,960 September 25,470 $134,556 October 28,980 $151,100 November 36,130 $188,555 December 37,920 $188,580 Management believes that electrical cost is a mixed cost that depends on machine-hours. Instructions: Answer each of the following questions. Round all amounts to the nearest cent 1. What is the variable cost per machine hour? 2. What is the total fixed cost? 3. What is the estimated cost if the total machine hours is estimated at 38,000 hours
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