Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

***PLEASE ANSWER ALL 3 QUESTIONS AND SHOW THE WORK. THANK YOU! Rob owns an ice cream shop. Looking at last year's utility bills, the highest

image text in transcribed

***PLEASE ANSWER ALL 3 QUESTIONS AND SHOW THE WORK. THANK YOU!

Rob owns an ice cream shop. Looking at last year's utility bills, the highest utility bill was $8000 for 4000 machine hours. The lowest utility bill was $5000 for 2400 machine hours. 1 Calculate the variable rate per machine hour and the total fixed utility cost. 2 Show the equation for determining total utility costs. 3 If Rob plans on using 3000 machine hours, what will the total utility bill be using the equation in part 2

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

Primary Science Audit And Test

Authors: Jenny Byrne, Andri Christodoulou, John Sharp

4th Edition

1446282732, 978-1446282731

More Books

Students also viewed these Accounting questions

Question

Locate the centroid of the ellipsoid of revolution.

Answered: 1 week ago

Question

Apply your own composing style to personalize your messages.

Answered: 1 week ago

Question

Format memos and e-mail properly.

Answered: 1 week ago