Question: Lisa Corp, needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month

Lisa Corp, needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month Machine Hours Worked Utilities Cost April 4,500 $9,060 May 4.200 9,440 June 6,500 10.725 July 7,000 11.400 Lisa anticipates using 8.000 hours of machine time in August. The company uses the high-low method to analyze costs. Required: A. Calculate the variable component of the utilities cost. B. Calculate the fixed component of the utilities cost C. Using the data calculated above, estimate the utilities cost for August.. HTML Editore BIVANI EXXX.EE V GODT 1: 12pt Paragraph MacBook Air 0 888 DIL 55 F7 F

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!

Lisa Corp. needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month Machine Hours Worked Utilities Cost April...

Manning Corp. needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month Machine Hours Worked Utilities Cost April...

Time Remaining 1 hour 22 minutes 42 seconds01:22:42 Item 1Item 1 Time Remaining 1 hour 22 minutes 42 seconds01:22:42 Lichtenstein Imports needs to determine the variable utilities rate per machine...

Lewisa Company needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Lewisa Company needs to determine the variable...

Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month April May June July Machine Hours...

Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month April Machine Hours Worked 4,650...

Help S Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month April May June July ine...

Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month Machine Hours Worked Utilities...

Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows. Month Machine Hours WorkedUtilities Cost...

What are CSL's material risks and how do companies manage those risks and their negative impacts? Give at least four recommendations by clearly giving your reasoning as to why or (why not) this...

Bentley Outdoor Furniture Company included the following stockholders equity on its year-end balance sheet at February 28, 2013: Requirements 1. Identify the different issues of stock that Bentley...

answer this Film and Electronic Arts Safety Examination Within CINE productions you are allowed to work with haze or smoke. O A. Under no circumstances. B. If approved by CINE Production Services and...

Please help # 23 . ) Use the given zero to find the remaining zeros of each polynomial function . a) P (x ) = x 3 + 3 x" + x + 3 ; - i # 41. Find a polynomial function of smallest degree with integer...

9. Explain the relationship between identity and communication.

a. How do you think these stereotypes developed?

a. How many different groups were represented?