Question: Using the information presented below, compute the variable monthly cost of electricity and the fixed cost for ABC, Inc Company. Use high-Low Method. Month Kilowatt

Using the information presented below, compute the variable monthly cost of electricity and the fixed cost for ABC, Inc Company. Use high-Low Method.

Month Kilowatt Hours Used Electricity Cost April 90 $450 May 80 $430 June 70 $420

  1. Variable cost per kilowatt Computation :( SHOW COMPUTATION)

  1. Fixed Cost of Electricity Computation (SHOW COMPUTATION)

  1. What is the total Electricity cost in July if total consumption in kilowatt hours is 98?

(Show computation)

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!

Q:

Using the information presented below, compute the variable monthly cost of electricity and the fixed cost for ABC, Inc Company. Use high-Low Method. Month Kilowatt Hours Used 90 April May June...

Q:

PART II. SHORT PROBLEMS (60 POINTS) 1. Using the information presented below, compute the variable monthly cost of electricity and the fixed cost for ABC, Inc Company. Use high-Low Method. Month...

Q:

Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas, Data for the past 8 months were...

Q:

Oriole, Inc., has collected the following information on its cost of electricity: Identify the high and low points. Using the high-low method, compute the variable cost of electricity per machine...

Q:

Required information [The following information applies to the questions displayed below.] The controller of Chittenango Chain Company believes that the identification of the variable and fixed...

Q:

Bobbles Drones Company (BDC) designs and manufactures drones for personal use. It supplies drones in bulk to large retailers, such as Walmart and Best buy. About two years ago there was an upsurge in...

Q:

Electricity costs at Halladay Corporation's manufacturing plant are listed below. Utility Cost March April May June July August September October November Machine Hours 4,276 4,233 4,234 4,321 4,289...

Q:

For requirement 1, the first and 4th blank in the equations dropdown choices are 1. number of months (X), Purchase costs (y), Quantity purchased (X). for requirement 3, the 6th blank choice is...

Q:

* Requirements 1. The computer in May's office is down, and May has been asked to immediately provide an equation to estimate the future purchase cost for part #696. May grabs a calculator and uses...

Q:

Mindy O'Malley is the new manager of the materials storeroom for Keller Manufacturing. Mindy has been asked to estimate future monthly purchase costs for part #696, used in two of Keller's products....

Q:

On 1 July 2021, Barkly Ltd purchased a machine with a list price of $150,000. Freight costs of $5,000 and installation costs of $2,500 were also paid in cash. The machine has a useful life of 4 years...

Q:

Write a paper about Early Childhood Education Grants.

Q:

Inlightered Eats in Anchorage, Alaska, has the employets who are paid semimonthly. Caiculabe the net pay from Ihe imflormaboon later in A dofscifi C 1 0 compute federal income taess. You do not needi...

Q:

Which of the following is involved when a plant supervisor wishes to be a good friend and hang out with the workers, but must also keep a personal distance to remain objective in order to assess the...

Q:

4. The moral dilemmas you will face during your career may not be of the magnitude of those presented in this case, but may very well resemble those presented in Below the Surface: Employee Theft. If...

Q:

You have discovered that your boss lied on her rsum about her academic credentials. She is being considered for a new position in your organization, but you believe you are more qualified than she...

Q:

The financial area of your life: Where are you living? In what type of home? How much money do you have in savings and investments? What kind of car are you driving?