General accounting Calculate the variable rate using the HighLow method of measuring cost function.55,000 machineJanuaryCost of electricityLow capacitySeptemberCost of electricityhours$80,45030,000 machinehours$64,200

Step 1: Define High-Low MethodThe high-low method determines the variable cost per unit (which…

Answered: Calculate the variable rate using the…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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Total Variable cost is 490,000 OMR total units sold is 7000 units, total fixed cost is 80000 OMR,describe the production costs in the equation form Y = f + vX. Select one: O a. Y = 80000 + 70X O b. Y = 80000 + 40X O c. Y = 80000 + 150X O d. Y = 80000 + 100X
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1. The following data pertains to activity and utility cost for two recent periods:Activity level (units) 8,000 5,000Utility cost $8,000 $6,500Utility cost is a mixed cost with both fixed and variable components. Using the high-lowmethod, the cost formula for utility cost is:A. Y = $1.00 XB. Y = $1.25 XC. Y = $4,000 + $0.50 XD. Y = $1,500 + $1.25 X
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Calculate the variable rate using the High Low method of measuring cost function. 55,000 machine January Cost of electricity Low capacity September Cost of electricity hours $80,450 30,000 machine hours $64,200