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.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...

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