Hot'lanta, Inc., which uses the high-low method to analyze cost behavior, has determined that machinehours best explain the company's utilities cost. The company's relevant range of activity varies from a lowof 600 machine hours to a high of 1,100 machine hours, with the following data being available for the firstsix months of the year:MonthUtilities MachineHoursJanuary s8700800February 8360720March8950810April9360920May9625950June91509001.The variable utilities cost per machine hour is:a) $0.18.b) an amount other than those listed above.C) $4.50.d) $5.00.e) $5.50.2. The fixed utilities cost per month is:a) an amount other than those listed above.b) $4,760.c) $3,764.d) $5,100.e) $4,400.

Hot'lanta, Inc., which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year: Utilities Machine Hours Month January s8700 800 February 8360 720 March 8950 810 April 9360 920 May 9625 950 June 9150 900 1The variable utilities cost per machine hour is: a) $0.18. b) an amount other than those listed above. ) $4.50. d) $5.00. e) $5.50. 2. The fixed utilities cost per month is: a) an amount other than those listed above. b) $4,760. ) S3,764. d) $5,100. e) $4,400.

Hot'lanta, Inc., which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year: Utilities Machine Hours Month January s8700 800 February 8360 720 March 8950 810 April 9360 920 May 9625 950 June 9150 900 1The variable utilities cost per machine hour is: a) $0.18. b) an amount other than those listed above. ) $4.50. d) $5.00. e) $5.50. 2. The fixed utilities cost per month is: a) an amount other than those listed above. b) $4,760. ) S3,764. d) $5,100. e) $4,400.

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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