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Problem 9 Jerm 7 Corporation is preparing a flexible budget and desires to separate its electricity expense, which is semi - variable and fluctuates with
Problem
Jerm Corporation is preparing a flexible budget and desires to separate its electricity expense, which is semivariable and fluctuates with total machine hours, into its fixed and variable components. Information for the first three months of is as follows:
Machine Hours Electricity Expense
January
February
March
Requirements:
Compute the variable rate per machine hour.
Compute the fixed portion of Jem s electricity expense.
Compute the total manufacturing costs if Jem s actual machine hours used is
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