I know the answer to no. 3 but dont understand it so I would like an explanation as to how it is taken. Problem 11ohnson Corporation is preparing a flexible budget and desires to separate itselectricity expense, which is semi-variable and fluctuates with total machine hours,nto its fixed and variable components. Information for the first three months of2009 is as follows:Machine HoursElectricity ExpenseJamuaryFebruaryMarch3,5002,0004,00031,50020,00035,600PRequirements:1. Compute the variable rate per machine hour.2. Compute the fixed portion of Johnson's electricity expense.3. Compute the total manufacturing costs if Johnson's actual machine hoursare 4,500.

GIVEN Machine hours Electricity Expense January 3,500 P31, 500 February 2, 000 P20,000 March…

ohnson Corporation is preparing a flexible budget and desires to separate its lectricity expense, which is semi-variable and fluctuates with total machine hours, nto its fixed and variable components. Information for the first three months of 009 is as follows: Machine Hours Electricity Expense Jamuary February March 3,500 2,000 4,000 31,500 20,000 35,600

ohnson Corporation is preparing a flexible budget and desires to separate its lectricity expense, which is semi-variable and fluctuates with total machine hours, nto its fixed and variable components. Information for the first three months of 009 is as follows: Machine Hours Electricity Expense Jamuary February March 3,500 2,000 4,000 31,500 20,000 35,600

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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