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Tijuana Tile has gathered the following information on its utility cost for the past six months. Machine Hours Utility Cost 1,300 $1,692 1,700 1,935 1,250
Tijuana Tile has gathered the following information on its utility cost for the past six months.
Machine Hours | Utility Cost |
---|---|
1,300 | $1,692 |
1,700 | 1,935 |
1,250 | 1,620 |
1,800 | 2,038 |
1,900 | 2,088 |
1,500 | 1,782 |
a. Using the high-low method, determine the cost formula for utility cost. y = $Answer + $Answer per MH
b. Prepare a flexible budget with separate variable and fixed categories for utility cost at 1,325, 1,500, and 1,675 machine hours.
1,325 | 1,500 | 1,675 | |
---|---|---|---|
Variable utility cost | Answer
| Answer
| Answer
|
Fixed utility cost | Answer
| Answer
| Answer
|
Expected total utility cost | Answer
| Answer
| Answer
|
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