Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Maintenance costs at Seaside Manufacturing over the past six months are listed in the following table. Month Maintenance cost Machine hours January $13,600 15,500 February
Maintenance costs at Seaside Manufacturing over the past six months are listed in the following table.
Month | Maintenance cost | Machine hours |
January | $13,600 | 15,500 |
February | $14,720 | 16,900 |
March | $12,060 | 13,800 |
April | $14,480 | 16,600 |
May | $15,180 | 17,600 |
June | $13,200 | 15,000 |
Using the highlow method, what would the variable maintenance cost per machine hour be?
A. $$1.22
B.$0.86
C.$0.82
D.$ 0.87
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