MonthJanuaryFebruaryMarchAprilMayJuneTotalMaintenance CostsVariable cost $$2,6303,4003,950d4,5103,5305,355eTextbook and MediaTotalMachine Hours2,8504,0506,4007,900Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.)5,5008,300per machine hourDetermine the fixed cost component using the high-low method.

Name: MonthJanuaryFebruaryMarchAprilMayJuneTotalMaintenance CostsVariable c
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Description: MonthJanuaryFebruaryMarchAprilMayJuneTotalMaintenance CostsVariable cost $$2,6303,4003,950d4,5103,5305,355eTextbook and MediaTotalMachine Hours2,8504,0506,4007,900Determine the variable-cost component using the high-low method. (Round answer to 2 de

High-low Method is a method wherein Variable cost per unit is calculated by comparing the Highest…

Business

Accounting

Month Maintenance Costs January February March April May June Variable cost $2,630 3,400 3,950 $ 4,510 3,530 5,355 Machine Hours Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) 2,850 4,050 6,400 7,900 5,500 8,300 per machine hour

Month Maintenance Costs January February March April May June Variable cost $2,630 3,400 3,950 $ 4,510 3,530 5,355 Machine Hours Determine the variable-cost component using the high-low method. (Round answer to 2 decimal places e.g. 12.25.) 2,850 4,050 6,400 7,900 5,500 8,300 per machine hour

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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High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the year follow: January February March Total Costs Production $215,280 1,265 units 264,080 2,130 334,880 3,565 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit b. Total fixed cost SA LA
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You have collected the following information about activity and costs - Activity - Machine Cost - Utilities Month Hours 2,400 2,600 $18,500 $19,750 March April May 2,900 $23,740 $25,500 $18,350 $17,290 $17,150 $25,200 $24,100 June 3,100 July August September 1,950 3,150 2,100 1,900 October November 3,000 Using the High-Low method, calculate the variable cost per machine hour to the nearest penny.
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