Question
The table below provides machine usage and total machine costs for a company for the last 12 months. Month Machine Hours Total Costs January
The table below provides machine usage and total machine costs for a company for the last 12 months. Month Machine Hours Total Costs January 373 $298,400 February 484 $387,200 March 434 $347,200 April 840 $672,000 May 775 $620,000 June 568 $454,400 July 383 $306,400 August 960 $768,000 September 796 $636,800 October 929 $743,200 November 730 $584,000 December 206 $165,006 Analyze the machine costs using the high-low method. 1. Calculate the variable cost per hour (rounded to nearest dollar). (3 marks) Number
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
