Answered step by step
Verified Expert Solution
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
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
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