Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

there are 6 total parts. please help me solve all so i wont have to waste 6 questions for this assigment. thank you! Michael owns

there are 6 total parts. please help me solve all so i wont have to waste 6 questions for this assigment. thank you!
image text in transcribed
image text in transcribed
image text in transcribed
Michael owns a machine shop in reviewing the shops ils for the past 12 months, the found that the highest bit of $2,700ccurred in August when the machines worked 1.200 machine hou. The lowest til of 2.500 OUTOS December when the machines worked 500 machine hours Read the rest Romantt. Use the high-low method to calculate the variable cost per machine hour and the totality Round your own the cont Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,700 occurred in August when December when the machines worked 800 machine hours. Read the requirements Requirement 1. Use the high-low method to calculate the variable cost per machine hour and the total fixed utility cost, First, calculate the variable cost per machine hour. Select the formula labels, then enter the amounts and compute the variable cost per machine hour (UE Variable cost per machine hour First, calculate the variable cost per machine hour. Select the formula Change in total costs Change in volume of activity Highest utility costs Lowest utility cost Total fixed cost Total mixed cost Total variable cost

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_2

Step: 3

blur-text-image_3

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

Business Accounting Uk Gaap Volume 1

Authors: Frank Wood, Alan Sangster

1st Edition

0273718762, 9780273718765

More Books

Students also viewed these Accounting questions

Question

=+What can you conclude?

Answered: 1 week ago