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This table shows our companys total costs for utilities and total machine hours used for manufacturing equipment over the last four months: Month Total Machine
This table shows our companys total costs for utilities and total machine hours used for manufacturing equipment over the last four months:
Month | Total Machine Hours | Total Utilities Costs |
---|---|---|
September | 2,200 | $1,010 |
October | 1,700 | $900 |
November | 1,800 | $930 |
December | 1,850 | $950 |
Using the high-low method, calculate the estimated utilities cost per machine hour.
[ Select ] ["$0.17", "$0.22", "$5.80", "$2.63"]
Using the high-low method, calculate the estimated fixed cost.
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