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The controller of Pharoah Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month January February March April May June (a1) Total Maintenance Costs $2,695 3,063 3,676 4,595 3,267 4,990 Your answer is incorrect. Total Machine Hours 3,574 4,084 6,126 8,066 Variable cost per machine hour $ 5,105 8,164 Determine the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places e.g. 2.25.)

The controller of Pharoah Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month January February March April May June (a1) Total Maintenance Costs $2,695 3,063 3,676 4,595 3,267 4,990 Your answer is incorrect. Total Machine Hours 3,574 4,084 6,126 8,066 Variable cost per machine hour $ 5,105 8,164 Determine the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places e.g. 2.25.)

FINANCIAL ACCOUNTING
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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The controller of Pharoah Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month January February March April May June (a1) Total Maintenance Costs $2,695 3,063 3,676 4,595 3.267 4,990 Your answer is incorrect. Total Machine Hours 3,574 4,084 6,126 Variable cost per machine hour $ 8,066 5,105 8,164 Determine the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places e.g. 2.25.)
Transcribed Image Text:The controller of Pharoah Industries has collected the following monthly cost data for use in analyzing the behavior of maintenance costs. Month January February March April May June (a1) Total Maintenance Costs $2,695 3,063 3,676 4,595 3.267 4,990 Your answer is incorrect. Total Machine Hours 3,574 4,084 6,126 Variable cost per machine hour $ 8,066 5,105 8,164 Determine the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places e.g. 2.25.)
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