Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Electrical costs at one of Kantola Corporation's factories are listed below: Machine Hours Electrical Cost February 3.570 $36,405 March 3,580 $36,493 April 3,553 $36,302 May

image text in transcribed
Electrical costs at one of Kantola Corporation's factories are listed below: Machine Hours Electrical Cost February 3.570 $36,405 March 3,580 $36,493 April 3,553 $36,302 May 3,627 $36,833 June 3,625 $36,800 July 3,565 $36,366 August 3,548 $36,237 September 3,542 $36.213 October 3,593 $36,577 Management believes that electrical cost is a mixed cost that depends on machine-hours. Using the high-low method estimate the variable and fixed components of this cost. Those estimates are closest to: O A 50.14 per machine-hour: 536,336 per month OB. 510.19 per machine-hour; $36,470 per month OC 57.48 per machine-hour 59.708 per month OD. 57.29 per machine-hour: 510.392 per month

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

Step: 3

blur-text-image

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

Enterprise Information Systems A Pattern Based Approach

Authors: Cheryl Dunn, J. Owen Cherrington, Anita Hollander

3rd Edition

0072404299, 978-0072404296

More Books

Students also viewed these Accounting questions

Question

What is your national origin/ethnicity/ancestry?

Answered: 1 week ago

Question

What is regret ? (p. 2 49)

Answered: 1 week ago

Question

In what context did the study and teaching of communication begin?

Answered: 1 week ago