ACC 102HW Cost Behavior pt 3 (Ch 3 pt 3)Complete the following in Word or Excel:1. Given the following cost and activity observations for Oprah Enterprises' utilities, use thefixed cost estimate per month.high-low method to calculate Oprah's variable utilities cost per machine hour. Then calculate theSeptemberOctoberNovemberDecemberCost$4,1003,7003,9004,500Machine Hours19,00018,00027,00028,0002. The delivery trucks of Little Italy's Pizzeria incurred maintenance costs of $2,400 during itsbusiest month of 20xx, in which 8,000 miles were driven collectively. During its slowest month,$1,800 in maintenance costs were incurred, resulting from 5,000 miles being driven. Using thehigh-low method, what maintenance cost would the company expect to incur at 10,000 miles?

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1. Given the following cost and activity observations for Oprah Enterprises' utilities, use the high-low method to calculate Oprah's variable utilities cost per machine hour. Then calculate the fixed cost estimate per month. September October November December Cost $4,100 3,700 3,900 4,500 Machine Hours 19,000 18,000 27,000 28,000

1. Given the following cost and activity observations for Oprah Enterprises' utilities, use the high-low method to calculate Oprah's variable utilities cost per machine hour. Then calculate the fixed cost estimate per month. September October November December Cost $4,100 3,700 3,900 4,500 Machine Hours 19,000 18,000 27,000 28,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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