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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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