Patel Co. gathered the following information on power costs and factory machine usage for the last...

  

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Patel Co. gathered the following information on power costs and factory machine usage for the last six months: Month January Factory Machine Hours brenney 13.900 000.00 17,600 000. 16,800 February March April May June Power Costeo2 $24,400 ZpbyB 29,200 008 002 004 29,000 000.00 22,340 19,900 14,900 000.00 000,005.1 1080 000.00 13,200 000.00 11,600 6,600 moblo ghivisce Instructions 000,00% inoltoubor boubo Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. (a) What is the estimated variable portion of power costs per factory machine hour? (b) What is the estimated fixed power cost each month? Patel Co. gathered the following information on power costs and factory machine usage for the last six months: Month January Factory Machine Hours brenney 13.900 000.00 17,600 000. 16,800 February March April May June Power Costeo2 $24,400 ZpbyB 29,200 008 002 004 29,000 000.00 22,340 19,900 14,900 000.00 000,005.1 1080 000.00 13,200 000.00 11,600 6,600 moblo ghivisce Instructions 000,00% inoltoubor boubo Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. (a) What is the estimated variable portion of power costs per factory machine hour? (b) What is the estimated fixed power cost each month?

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a Estimated variable portion of power costs per factory machine hour The highlow method uses the hig... View the full answer