Lycan Industries electricity costs and machine hours over a six-month period follow: Machine Electricity Cost January February March Hours 2,000 | 2,500 P4,800 5,200 April Мay June 3,000 2,400 2,800 5,400 5,000 5,600 2,200 5,000
Lycan Industries electricity costs and machine hours over a six-month period follow: Machine Electricity Cost January February March Hours 2,000 | 2,500 P4,800 5,200 April Мay June 3,000 2,400 2,800 5,400 5,000 5,600 2,200 5,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Using the high-low method, how much is the electricity costs if the actual machine hours used is 4,200? (SHOW SOLUTION)
![Lycan Industries electricity costs and machine hours over a six-month period follow:
Machine
Electricity
Cost
Hours
January
February
March
April
May
June
2,000
P4,800
2,500
5,200
3,000
5,400
2,400
5,000
2,800
2,200
5,600
5,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23f1b385-20ab-441a-8e03-429c20f2b70f%2F7e1240c9-1fd6-48e0-a1e3-131cf02cf425%2Fl3zktc_processed.png&w=3840&q=75)
Transcribed Image Text:Lycan Industries electricity costs and machine hours over a six-month period follow:
Machine
Electricity
Cost
Hours
January
February
March
April
May
June
2,000
P4,800
2,500
5,200
3,000
5,400
2,400
5,000
2,800
2,200
5,600
5,000
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