Information: Recall that BlueDenim Company constructed the following formula for monthly electricity cost. (Refer to Cornerstone 3-2 to see how the fixed cost per month and variable rate were computed.) Total electricity cost = $440+ ($6.10 x Machine hours) Required: Assume that 6,500 machine hours are budgeted for the coming year. Use the previous cost formula to make the following calculations: 1. Calculate total variable electricity cost for the year. Calculate total fixed electricity cost for the year. Calculate total electricity cost for the coming year. 2. 3.

Information: Recall that BlueDenim Company constructed the following formula for monthly electricity cost. (Refer to Cornerstone 3.2 to see how the fixed cost per month and variable rate were computed.) Total electricity cost =$440+($6.10 Machine hours ) Required: Assume that 6,500 mochine hours are budgeted for the coming year. Use the previous cost formula to make the following calculotions: 1. Calculate total varioble electricity cost for the year. 2. Calculate total fixed electricity cost for the year. 3. Colculate total electricity cost for the coming yoar