Question
The controller of Wildhorse Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine
The controller of Wildhorse 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 | 230 | ||||||
February | 3,060 | 380 | ||||||
March | 3,520 | 480 | ||||||
April | 4,760 | 685 | ||||||
May | 3,190 | 410 | ||||||
June | 4,910 | 800 | ||||||
July | 4,030 | 650 | ||||||
August | 3,870 | 540 | ||||||
September | 5,040 | 680 | ||||||
October | 4,260 | 610 | ||||||
November | 3,250 | 380 | ||||||
December | 6,580 | 820 |
(a)
Determine the fixed- and variable-cost components using the high-low method.
Fixed-costs | $enter the fixed cost amount in dollars ?? | |
---|---|---|
Variable-costs | $enter the variable cost amount in dollars ?? |
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(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
(c)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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