Question: can someone please help with this managerial accounting problem Month January February March April May June July August September October Noveaber December Machine Hours 3,000

can someone please help with this managerial accounting problem
can someone please help with this managerial accounting problem Month January February

Month January February March April May June July August September October Noveaber December Machine Hours 3,000 850 4,430 1,470 3,650 1,120 3,910 3.840 1,900 1,090 2,900 2,990 Electricity Costs $ 15,000 $ 4,250 $ 18,570 $ 7,350 $18,250 $ 5,600 $ 17,425 $ 17,288 $ 9,500 $ 5,450 $10,200 $ 14,950 Required: 1. Estimate the fixed cost of electricity per month and the variable cost of electricity per machine hour using the high-low method. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) per machine hour Variable cost of electricity Fixed cost of electricity per month

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!