Question: I need help with part 4 and 5 Calculate fixed and variable costs for Factory Utilities using the High-Low method. Identity months with the High
Calculate fixed and variable costs for Factory Utilities using the High-Low method. Identity months with the High and Low Activity Levels, e.g. machine-hours. Use the data from Exhibit 4-B, High Month: ______ Low Month: ________ Calculate variable cost per machine hour (round to the penny) using the high-low method. Calculate fixed cost per month (Round to nearest dollar) using the cost formula and monthly data. Write the cost formula FIRST. Calculate fixed cost per year (round to nearest dollar). Enter on Exhibit 4-C on the appropriate line. Calculate the annual total variable cost using the cost formula (Round to nearest dollar). Enter on Exhibit 4-C on the appropriate line
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