Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 19 Moresan co gathered the following information on power costs and factory machine usage for the last six months Factory Machine Month Power Cout

image text in transcribed
Question 19 Moresan co gathered the following information on power costs and factory machine usage for the last six months Factory Machine Month Power Cout Hours January $24,400 13,900 February 30.400 17,600 March 29.000 16,000 April 22,340 13,200 May 19,900 11,600 16,900 3.600 June Using the high-low method of analyzing costs, answer the following questions What is the estimated variable portion of power conto per factory machine hour (round answer to decimal places, eg, 15.25.) Variable power costs per factory machine nou What is the estimated fixed power cost each month? High Low Fixed power costs

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

Students also viewed these Accounting questions

Question

Subordinates defer to leaders during disagreements.

Answered: 1 week ago