Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 31, 2024

Utility costs at one UISZ Power Corporation's factories are listed below: Month --- Machine hours --- Utility Cost $ Feb - 4421 - 39,308 Mar

Utility costs at one UISZ Power Corporation's factories are listed below:

Month --- Machine hours --- Utility Cost $

Feb - 4421 - 39,308

Mar - 4268 - 39,573

Apr - 4234 - 39,392

May - 4237 - 39,394

Jun - 4299 - 39,787

Jul - 4318 - 39,881

Aug - 4305 - 39,798

Sep - 4308 - 39,831

Oct - 4226 - 39,315

Management believes that utility cost is a mixed cost that depends on machine- hours.

Question: Estimate the variable cost per machine-hour. Show your work.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

10th Canadian Edition Volume 2

1118300858, 978-1118300855

More Books

Students also viewed these Accounting questions

Question

★★★★★

Rafael Espinal's leadership approach is best categorized as what type of leadership? spiritual adaptive authentic servant

Answered: 1 week ago

Question

★★★★★

What is the direction of the induced current in the circular loop due to the current shown in each part of Fig. 21-61? Explain why. (a) (b) (c) (d) I constant |I decreasing

Answered: 1 week ago

Question

★★★★★

What kind of conflicts and stress was the case heroine facing? LO.1

Answered: 1 week ago

Question

★★★★★

What are some examples of how you use devices with artifi cial intelligence in your own life? (Hint: Think of Siri in Apple iPhones.)

Answered: 1 week ago

Question

★★★★★

Fast Second and Speedo are trying to decide what to bid for a license in a cellular phone auction where the possible values of the new license are $10 million, $20 million, $30 million, $40 million,...

Answered: 1 week ago

Question

★★★★★

a) What are the legal formalities the companies in Oman have to undergo to operate business as a Joint Stock Company? Explain briefly. b) Read Articles of Association and Memorandum of Association of...

Answered: 1 week ago

Question

★★★★★

Develop a general-purpose computer application (using EES or other software) that employs the affinity laws to design a new turbine (B) that is dynamically similar to a given turbine (A). The inputs...

Answered: 1 week ago

Question

★★★★★

How to find efffective annual rate of interest. The terms of sale are4/10,net49. How to find the required rate of return on equity. ABC Inc.'sstock is currently sellingfor $69.97 per share. The...

Answered: 1 week ago

Question

★★★★★

Write one short paragraphs about the target market segments for your client and why you think this company and product will be successful. Are there economic, social, or other trends that make this a...

Answered: 1 week ago

Question

★★★★★

Quiz Instructions: Term Structure Models II and Introduction to Credit Derivatives Questions 1 and 2 should be answered by building and calibrating a 10-period Black-Derman-Toy model for the...

Answered: 1 week ago

Question

★★★★★

a1 a2 a3 15. (23) Let A = b b2 b3 and B = = C1 4a1b1 4a2+ b2 4a3+b3 C2 C3 C1 C2 C3 3b1 3b2 3b3 If det(B) = 6, then (1) det(A) = and (4) rank(A-1) = (2) det(2ABA-) = (3) det(BBT) =

Answered: 1 week ago

Question

★★★★★

For Exercises 27-32, refer to functions s, t, and v. Find the indicated function and write the domain in interval notation. (See Example 3) s(x) 27. (s. 1)(x) 31. (sv)(x) = x-2 x-9 x-3 t(x) = bail...

Answered: 1 week ago

Question

★★★★★

Demonstrate how the host from computer A identifying the destination of computer G before A can start sending file to the computer. == SWITCH ROUTER SWITCH A B C G H

Answered: 1 week ago

Question

★★★★★

Gomez runs a small engine manufacturing business in his New orleans plans, wat recent increase in global disruption, he is faced with the decision of selecting a Ile has a new found to select between...

Answered: 1 week ago

Question

★★★★★

Reduction in sales All of the above 29. Belt of an electric motor is broken, it needs a. Corrective maintenance b. Scheduled maintenance c. Preventive maintenance d. Timely maintenance. 30. The...

Answered: 1 week ago

Question

★★★★★

Rights A companys stock currently sells for $68 per share. Last week the firm issued rights to raise new equity. To purchase a new share, a stockholder must remit $11 and three rights. a. What is the...

Answered: 1 week ago

Question

★★★★★

Rights Hoobastink Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $61. The current price is $68 per share, and there are 10 million shares outstanding....

Answered: 1 week ago

Question

★★★★★

Value of a Right Show that the value of a right can be written as: Value of a right 5 P RO 2 P X 5 ( P RO 2 P S )/( N 1 1) where P RO , P S , and P X stand for the rights-on price, the subscription...

Answered: 1 week ago

Previous Question Next Question