QUESTION 6 Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/665549a679cf1_446665549a66b99b.jpg)
Transcribed Image Text:
QUESTION 6 Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Utilities Month January Machine Hours $ 10,60 990 0 10,26 February 910 0 10,85 1,00 March 0 0 1,11 April 11,260 0 May 11,318 1,14 0 June 11,050 1,09 0 The variable utilities cost per machine hour (using high-low method) for Barkoff is: A. $0.22 B. $4.10 C. $4.60 D. $3.60 QUESTION 6 Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Utilities Month January Machine Hours $ 10,60 990 0 10,26 February 910 0 10,85 1,00 March 0 0 1,11 April 11,260 0 May 11,318 1,14 0 June 11,050 1,09 0 The variable utilities cost per machine hour (using high-low method) for Barkoff is: A. $0.22 B. $4.10 C. $4.60 D. $3.60
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Only one firm produces and sells soccer balls in the country of Wiknam, and as the story begins, international trade in soccer balls is prohibited. The following equations describe the monopolists...
-
Present a critical evaluation of the bank Truist Financial position as a takeover or merger candidate. Please go into extensive detail in the analysis and if possible utilise in-text citations when...
-
What changes or improvements would you recommend for each website? Appendix
-
Weldon Corporation's fiscal year ends December 31. The following is a list of transactions involving receivables that occurred during 2011: Mar. 17 Accounts receivable of $1,700 were written off as...
-
Match the following descriptions or examples with the item in the drop-down list that best fits
-
Chapter 3 Project girl of whimo To complete this project, print the document and complete the tasks below. Once completed you will need to take photos or scan your completed work and upload it into...
-
Childhood leukemia, a hematological malignancy, is the most common form of childhood cancer, representing 29% of cancers in children aged 0 to 14 years in 2018. Imagine that you work in the State...
-
Question 1 Approximating functions using linear functions or higher degree polynomials is a very useful scientific tool! This concept generalizes to Taylor Polynomials, but is most simply illustrated...
-
Find the volume of the solid of revolution formed by rotating the specified region R about the x axis. Volume Formula Suppose f(x) is continuous and f(x) 0 on a x b, and let R be the region under the...
-
As machines get older, the cost of maintaining them tends to increase. Suppose for a particular machine, the rate at which the maintenance cost is increasing is approximated by the function C' (t) =...
-
At Edsel Automotive, the management team is planning to expand one of its plants by adding a new assembly line for sport utility vehicles (SUVs). The cost of setting up the new SUV assembly line is...
-
Chapter 8 Assess Your Knowledge Short Answers 1. What is networking? 2. Why is networking an important part of job hunting? 3. What are some different ways to find out about job openings? 4. What is...
-
For each of the following, identify the target parameter as m1 - m2, p1 - p2, or m. a. Comparison of average marks in statistics of male and female graduates. b. Difference between mean waiting times...
-
Two independent random samples were selected from normally distributed populations with means and variances 1m1, s21 2 and 1m2, s22 2, respectively. The sample sizes, means, and variances are shown...
-
Independent random samples were selected from two normally distributed populations with means m1 and m2, respectively. The sample sizes, means, and variances are shown in the following table. Table...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App