Question
Utility costs at one of Hambley Corporation's factories are listed below: Machine-Hours Utility Cost February 4,221 $39,308 March 4,268 $39,573 April 4,234 $39,392 May 4,237
Utility costs at one of Hambley Corporation's factories are listed below:
Machine-Hours Utility Cost
February 4,221 $39,308
March 4,268 $39,573
April 4,234 $39,392
May 4,237 $39,394
June 4,299 $39,787
July 4,318 $39,881
August 4,305 $39,798
September 4,308 $39,831
October 4,226 $39,315
Management believes that utility cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method
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Effective Writing A For Accountants
Authors: Claire B. May, Gordon S. May
9th Edition
0132567245, 9780132567244
