Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 (16 points) FLA Inc. in Windsor, Ontario has the following records of the total electrical costs of its office and the occupancy-days over

image text in transcribed
image text in transcribed
Question 5 (16 points) FLA Inc. in Windsor, Ontario has the following records of the total electrical costs of its office and the occupancy-days over the last year. The occupancy-day represents an office room being used for one day. Month Occupancy-day Electrical Costs anuary 1,736 $4,127 February 1,407 $3,207 March 2,600 $5,400 April 60 $2,857 May 630 $2,871 june 744 $2,696 July 2,108 $4,670 August 1,406 $3,148 September 180 $1,391 October 200 $1,200 November 720 $2,454 December 1,364 $3,259 Required: Using the high-low method, estimate the fixed costs of electricity per month and the variable cost of electricity per occupancy-day. Round the fixed cost to the nearest dollar and the variable cost to the nearest cent. Paragraph BIUAEEv + v Add a File Record Audio Record Video

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

Intermediate Accounting Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

12th Canadian Edition

1119497043, 978-1119497042

More Books

Students also viewed these Accounting questions

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago