Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 2-9 (Part Level Submission) Pharoah, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs 510 $250 January
Exercise 2-9 (Part Level Submission) Pharoah, Inc., has collected the following information on its cost of electricity: Machine Hours Total Electricity Costs 510 $250 January February 540 $290 March 380 $200 April 460 $200 $300 May 670 700 $310 June July $160 330 August 540 $280 September 210 $128 October 750 $310 November 850 $320 December 600 $290 (a) Your answer correct Using the high-low method, compute the variable cost of electricity per machine hour. (Round unit cost to 2 decimal places, e.g. 52.75.) 0.30 Variable cost $ per machine hour (b) Compute the total fixed cost of electricity. (Round answer to 2 decimal places, e.g. 52.75.) Fixed cost $ Click if you would like to Show Work for this question: Open Show Work LINK VIDEO LINK TO TEXT Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER (c) The parts of this question must be completed in order. This part will be available when you complete the pa Expand question part (d) The parts of this question must be completed in order. This part will be available when you complete the part above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started