Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below provides some data from one of the Ford Corporation's factories: Machine-Hours Electrical Cost 2,388 2,356 2,380 $34,213 $33,912 $34,133 $33,717 $33,514 $33,943

image text in transcribed

The table below provides some data from one of the Ford Corporation's factories: Machine-Hours Electrical Cost 2,388 2,356 2,380 $34,213 $33,912 $34,133 $33,717 $33,514 $33,943 $33,428 $33,530 January February March April ay. June. July August September 2,335 2,312 2,360 2,304 2,314 2,378 $34,100 Some bright person at Ford offers the opinion that electrical cost is a mixed cost that depends on machine-hours. Using the high-low method to estimate the variable and fixed components of this cost, these estimates would be closest to: O $14.41 machine-hour; $33,832 month O $0.11 per machine-hour; $33,957 per month O $9.35 per machine-hour; $11,885 per month O $11.30 per machine-hour, $7,229 per month

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

Managerial Accounting

Authors: Unknown Author

1st Edition

007723023X, 978-0077230234

More Books

Students also viewed these Accounting questions

Question

What types of information can an application form provide? P-697

Answered: 1 week ago