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

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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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

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