hello teacher please solve question Omega Tech Company has the following costs and machine hours over three months:MonthMayJuneJulyTotal Cost$ 14,000$ 16,800$ 13,500Machine Hours18,00022,00017,000Use the high-low method to calculate Omega Tech's variable cost per machine hour.

Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…

Answered: Omega Tech Company has the following…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1PB: Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven...

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Omega Tech Company has the following costs and machine hours over three months: Month May June July Total Cost $ 14,000 $ 16,800 $ 13,500 Machine Hours 18,000 22,000 17,000 Use the high-low method to calculate Omega Tech's variable cost per machine hour.