Accounting problem with solution 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: Analysis of information givenHigh Activity (January)Number of machine hours = 55,000Cost of…

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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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