Question
The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January
The following information is available for a company's utility cost for operating its machines over the last four months.
| Month | Machine hours | Utility cost | ||
| January | 1,080 | $ | 5,630 | |
| February | 1,980 | $ | 7,260 | |
| March | 2,760 | $ | 8,100 | |
| April | 780 | $ | 3,960 | |
Using the high-low method, the estimated variable cost per unit for utilities is:
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Accounting And Auditing Research Tools And Strategies
Authors: Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk
7th Edition
9780470506974
