Bill owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,800 occurred in August when the machines worked 1,200 machine hours. The lowest utility bill of $2,200 occurred in December when the machines worked 600 machine hours. Using the high-low method, the variable cost per machine hour is per machine hour and the total fixed utility cost is $1.20 and $1,530 $3,40 and $1,800 $1.50 and $1,700 $2.00 and $1,400 $1.00 and $1,600 身
Bill owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,800 occurred in August when the machines worked 1,200 machine hours. The lowest utility bill of $2,200 occurred in December when the machines worked 600 machine hours. Using the high-low method, the variable cost per machine hour is per machine hour and the total fixed utility cost is $1.20 and $1,530 $3,40 and $1,800 $1.50 and $1,700 $2.00 and $1,400 $1.00 and $1,600 身
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Bill owns a machine shop. In reviewing the shop's utility bills for the past 12 months,
he found that the highest bill of $2,800 occurred in August when the machines
worked 1,200 machine hours. The lowest utility bill of $2,200 occurred in December
when the machines worked 600 machine hours. Using the high-low method, the
variable cost per machine hour is
per machine hour and the total fixed
utility cost is
|
O $1.20 and $1,530
O $3,40 and $1,800
O $1.50 and $1,700
O $2.00 and $1,400
O $1.00 and $1,600
身](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffbd2edfa-ebf7-4438-babc-36cc5ae93bbd%2F104a35de-71d5-4247-a841-1cbf7708f094%2F0ovx4fp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bill owns a machine shop. In reviewing the shop's utility bills for the past 12 months,
he found that the highest bill of $2,800 occurred in August when the machines
worked 1,200 machine hours. The lowest utility bill of $2,200 occurred in December
when the machines worked 600 machine hours. Using the high-low method, the
variable cost per machine hour is
per machine hour and the total fixed
utility cost is
|
O $1.20 and $1,530
O $3,40 and $1,800
O $1.50 and $1,700
O $2.00 and $1,400
O $1.00 and $1,600
身
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