Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
The controller of Carla Vista Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total
The controller of Carla Vista Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs.
Total Electricity Costs Total Machine Hours
January $2,450 270
February 3,100 320
March 3,570 450
April 4,700 685
May 3,240 400
June 4,870 800
July 4,120 650
August 3,950 580
September 5,020 670
October 4,260 630
November 3,250 320
December 6,300 820
Determine the fixed-and variable-cost components using the high-low method.
Fixed cost $
Variable cost $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started