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X Industries electricity costs and machine hours over a nine-month period follow: Month Machine hours Cost April 21,000 P9,750 May 34,000 14,300 June 68,000 20,700

X Industries electricity costs and machine hours over a nine-month period follow:

Month Machine hours Cost

April 21,000 P9,750

May 34,000 14,300

June 68,000 20,700

July 49,000 19,550

August 25,000 11,150

September 30,000 12,900

October 24,000 10,800

November 18,000 8,200

December 48,000 22,000

low method, what would be the total cost if the company utilized 42,000 hours? SHOW SOLUTION

If the relevant range is from 20,000 to 50,000 machine hours, using high-low method, what would be the total cost if the company utilized 40,000 hours? SHOW SOLUTION

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