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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 9
Jerm 7 Corporation is preparing a flexible budget and desires to separate its electricity expense, which is semi-variable and fluctuates with total machine hours, into its fixed and variable components. Information for the first three months of 2022 is as follows:
Machine Hours Electricity Expense
January 4,37539.375
February 2,50025,000
March 5,00044.500
Requirements:
1. Compute the variable rate per machine hour.
2. Compute the fixed portion of Jem 7's electricity expense.
3. Compute the total manufacturing costs if Jem 7's actual machine hours used is 4,500.
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