Solve this general accounting question not use ai Given the following cost and activity observations for BountyCompany's utilities:Cost Machine hoursMarch $3,106 15,176April $2,668 9,558May$2,892 11,947June $3,538 17,899Use the high-low method to calculate Bounty's variable utilities costper machine hour.a. $0.59b. $0.63c. $1.25d. $0.10

Step 1: Define High Low MethodIn cost accounting, the high-low method is used to break the total…

Answered: Given the following cost and activity…

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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Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,107 14,586 April 2,674 10,257 May 2,816 12,190 June 3,767 17,550 Oa. S1.80 Оb. so.15 Oc. S0.71 Od. S0.75 Previous Next MacBook Air
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,070 15,158 April 2,688 10,482 May 2,870 12,037 June 3,847 17,906 Oa. $1.09 Ob. $1.56 Oc. $0.16 Od. $1.05
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The following computer printout was generated, using regression, for use in estimating maintenance costs. Intercept 8300 X Variable 1 37 Multiple R 0.9500 R Square 0.9025 Activity variable machine hours An estimate of maintenance costs at an activity level of 100 machine hours would be:
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round to the nearest cent. Machine Hours March April May June Oa. $0.15 Ob. $1.02 Oc. $0.98 Od. $1.75 Cost $3,007 2,696 2,803 3,778 14,577 10,259 11,668 17,667
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8.Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,106 14,562 April 2,638 10,405 May 2,893 11,850 June 3,792 18,035 a.$0.76 b.$1.81 c.$0.72 d.$0.15
Following are utilities costs for different level of machine hours : $ 450 for 10 hours : $ 540 for 12 hours : for 14 hours : $ 720 for 16 hours . This cost is best described as Select one : a . None of the answers given b . Fixed c . Mixed d . Direct e . Variable
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Following are utilities costs for different level of machine hours $450 for 10 hours, $540 for 12 hours, $630 for 14 h hours This cost is best described as Select one O a Variable Ob Direct O C Mixed Od Fixed Oe None of the answers given

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