Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following 6 months of data were collected on electricity cost and the number of machine hours in a factory. Electricity Machine Month cost

image text in transcribed

The following 6 months of data were collected on electricity cost and the number of machine hours in a factory. Electricity Machine Month cost hours June $25,160 4,730 July 25,262 4,676 August 27,250 5,120 September 27,602 5,010 October 27,124 5,286 November 26,680 5,090 Calculate the slope of the cost line using the high-low method. Enter your answer with at least 2 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

Principles of Accounting

Authors: Belverd Needles, Marian Powers, Susan Crosson

10th edition

618736611, 978-1111809508, 111180950X, 978-0618736614

More Books

Students also viewed these Accounting questions

Question

Create an operations budget and monitor its effectiveness.

Answered: 1 week ago

Question

Create a cash budget.

Answered: 1 week ago