The following data pertain to activity and utilities costs for two recent years: Activity Level in Units Utilities Cost Multiple Choice $0.75 per unit Year 2 $1.50 per unit 12.000 $15,000 Using the high-low method, what is the variable cost per unit for utilities? Year 1 8,000 $12,000
The following data pertain to activity and utilities costs for two recent years: Activity Level in Units Utilities Cost Multiple Choice $0.75 per unit Year 2 $1.50 per unit 12.000 $15,000 Using the high-low method, what is the variable cost per unit for utilities? Year 1 8,000 $12,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The following data pertain to activity and utilities costs for two recent years:
Activity Level in Units
Utilities Cost
Multiple Choice
5075 per unit
$1.50 per unit
Using the high-low method, what is the variable cost per unit for utilities?
$125 per unit
Year 2
$133 per unit
12,000
$15,000
Year 1
8,000
$12,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8065262b-69d5-4e58-965f-721806d0a626%2Feb86ebb8-ee1e-446e-87dc-9515fbb6c0bc%2F1r2zdgn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following data pertain to activity and utilities costs for two recent years:
Activity Level in Units
Utilities Cost
Multiple Choice
5075 per unit
$1.50 per unit
Using the high-low method, what is the variable cost per unit for utilities?
$125 per unit
Year 2
$133 per unit
12,000
$15,000
Year 1
8,000
$12,000
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