Sunland Co. gathered the following information on power costs and factory machine usage for the last...
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Sunland Co. gathered the following information on power costs and factory machine usage for the last six months: Month Power Cost Factory Machine Hours January $28,390 15,800 February 36,069 21,400 March 32,895 18,700 April 26,235 15,100 May 23,890 13,500 June 20,700 10,500 Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, eg. 15.25.) Variable power costs $ per factory machine hour 1.41 What is the estimated fixed power cost each month? High Low Fixed power costs 2$ %24 Sunland Co. gathered the following information on power costs and factory machine usage for the last six months: Month Power Cost Factory Machine Hours January $28,390 15,800 February 36,069 21,400 March 32,895 18,700 April 26,235 15,100 May 23,890 13,500 June 20,700 10,500 Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, eg. 15.25.) Variable power costs $ per factory machine hour 1.41 What is the estimated fixed power cost each month? High Low Fixed power costs 2$ %24
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Answer Variable power cost per factory machine hour is 141 Fixed cost at a high level is ... View the full answer
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Posted Date:
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