Question
The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours January February
The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours January February March April 1,040 1,940 2,680 740 Utility cost $6,590 $7,180 $8,100 $4,650 Using the high-low method, the estimated variable cost per machine hour for utilities is:
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
