Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pharoah Co.gathered the following information on power costs and factory machine usage for the last six months Month Power Cost Factory Machine Hours January $25,660
Pharoah Co.gathered the following information on power costs and factory machine usage for the last six months Month Power Cost Factory Machine Hours January $25,660 14,500 February 32.212 18.800 March 30.230 17.400 April 23.570 13,800 May 21,160 12,200 June 18.100 9,200 Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers Your answer has been saved. See score details after the due date What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, es 1525) Variable power costs $ 147 per factory machine hour Attempts: 1 of 1 used (b) What is the estimated feed power cost each month? High Low Fixed power costs
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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