Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 14, 2024

The following information is available for a company's utility cost for operating its machines over the last four months. Month January February March April Machine

The following information is available for a company's utility cost for operating its machines over the last four months. Month January February March April Machine hours 1,070 1,970 2,740 770 Utility cost $5,620 $7,240 $8,100 $3,890 Using the high-low method, the estimated variable cost per machine hour for utilities is: Multiple Choice $5.05 $5.77 O $2.96. $3.79. $2.14

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Dare To Be Different An Auditors Personal Guide To Excellence

Authors: Daniel Clark

1st Edition

1490772405, 978-1490772400

More Books

Students also viewed these Accounting questions

Question

Summarise the key features of the 'entitlement approach', and evaluate the advantages and problems of this approach in ensuring food security in specific countries or regions.

Answered: 1 week ago

Question

★★★★★

1. Relative to the United States distribution network, calculate the cost associated with running the existing system. Assume that 40% of the volume arrives in Seattle and 60% in Los Angeles and the...

Answered: 1 week ago

Question

★★★★★

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Required: 1. What is the overall...

Answered: 1 week ago

Question

★★★★★

9. When direct materials are used: Group of answer choices Work in Process Inventory is increased. Raw Materials Inventory is increased. Cost of Goods Sold is increased. Manufacturing Overhead is...

Answered: 1 week ago

Question

★★★★★

Q1. Gourmet has PKR150 million in sales revenue with PKR90 million in cost of goods sold. It has selling and administrative expenses of PKR10, pays annual taxes in the amount of PKR10 and has...

Answered: 1 week ago

Question

★★★★★

Imagine you head a large agency such as the Department of Education (DoE). Based on your experience with the CITI certification process and your class readings, outline a protocol for approving...

Answered: 1 week ago

Question

★★★★★

Using the P-O-L-C Framework, answer the following questios: 600 wrds.. Take one item from each section that you could relate to you and discuss how you could use in your life right now.and write the...

Answered: 1 week ago

Question

★★★★★

Fig. H 4.39 Determine the forces bars 1, 2 and 3 of the plane truss loaded and supported (Ans. S S2 S3=-30 a/2h) as shown in Fig. I. = C aaaaaa B aga Fig. 1 Q

Answered: 1 week ago

Question

★★★★★

Neo bank(not physical, only internet banking) has a cyber threat about fake ID card issue. Q1. What is high level plan of possible options in terms of focus and investment options as part of both...

Answered: 1 week ago

Question

★★★★★

Employ effective vocal cues Employ effective visual cues

Answered: 1 week ago

Question

★★★★★

3 Might there be some middle ground? Could you adjust the topic to focus on verifiable facts? For example, you could investigate whether banning dogs would lower the insurance premiums paid by the...

Answered: 1 week ago

Question

★★★★★

Clearly transitions help to clarify messages and keep them flowing in oral and written forms of communication. But do transitions function similarly in mediated communication contexts? For example,...

Answered: 1 week ago

Previous Question Next Question