Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

siven the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per nachine hour. Round

image text in transcribed
image text in transcribed
siven the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per nachine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,057 15,298 April 2,661 9,746 May 2,894 11,981 June 3,517 17,743 Oa. $1.28 b. 50.75 c. 50,11 d. 50.71 Strait Co. manufactures office furniture. During the most productive month of the year, 3,600 desks were manufactured at a total cost of $84,600. In month of lowest production, the company made 1,190 desks at a cost of $60,800. Using the high-low method of cost estimation, total fixed costs are Oa. $23,800 b. $60,800 Oc. $84,600 Od. 549,032

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_2

Step: 3

blur-text-image_3

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

ISE Managerial Accounting For Manager

Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison

6th Edition

1265118434, 9781265118433

More Books

Students also viewed these Accounting questions