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Utility costs at one of Helker Corporation's factories are listed below: Machine-Hours Utility Cost January 4,711 $34,799 February 4,780 $35,138 March 4,704 $34,762 April 4,768
Utility costs at one of Helker Corporation's factories are listed below:
Machine-Hours | Utility Cost | |
January | 4,711 | $34,799 |
February | 4,780 | $35,138 |
March | 4,704 | $34,762 |
April | 4,768 | $35,093 |
May | 4,723 | $34,872 |
June | 4,721 | $34,840 |
July | 4,759 | $35,053 |
August | 4,730 | $34,918 |
September | 4,720 | $34,834 |
Management believes that utility cost is a mixed cost that depends on machine-hours. |
Required: |
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) |
Variable cost per machine-hour | $ |
Fixed cost per month | $ |
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