Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Swan, Inc. uses the high-low method to analyze cost behavior. The company observed that at 17,000 machine hours of activity, total maintenance costs averaged $57.10

Swan, Inc. uses the high-low method to analyze cost behavior. The company observed that at 17,000 machine hours of activity, total maintenance costs averaged $57.10 per hour. When activity jumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $41.10.

On the basis of this information, the variable cost per machine hour for Swan was: round to nearest two decimal places

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

Marketing Audit Of A Private Health Care Facility Case Of The Bondeko Clinic

Authors: Tyty ELOOT ONDAIN

1st Edition

6204271237, 978-6204271231

More Books

Students also viewed these Accounting questions