The following data pertain to activity and utility costs for two recent years: Year 2 Year 1 Activity Level in Units 12,000 7,000 Utilities Cost $15,000 $10,500 Using the high-low method, what is the cost formula for utilities?
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Using the high-low method, what is the cost formula for utilities?
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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 $12,000Need answerNeed help
- The following data pertains to activity and utility costs for two recent years: Year 2 Year 1 Activity level in units 10,000 6,000 Utilities cost observed $12,000 $9,000 Using the high-low method, the cost formula for utilities is: a.1.50 per unit. b. 1.20 per unit. C. $3,000 plus $3.00 per unit d. $4,500 plus $0.75 per unit52. The following data pertains to activity and utility costs for two recent years: Year 2 Year 1 Activity level in units. Utilities cost. 12,000 8,000 $15,000 $12,000 Using the high-low method, the cost formula for utilities is: A. $1.50 per unit B. $8,000 plus $0.50 per unit C. $1.25 per unit D. $6,000 plus $0.75 per unitThe Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month January February March April May June July August September October November December Occupancy-Days 2,640 2,860 980 2,420 2,090 4,470 4,020 3,940 1,630 1,090 1,390 2,910 Electrical Costs $ 13,200 $ 14,300 $ 4,900 $ 12,100 $ 10,450 $ 18,860 $ 17,160 $ 16,760 $ 8,150 $ 5,450 $ 6,950 $ 14,550
- Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,002 15,174 April 2,664 9,624 May 2,823 12,276 June 3,621 17,777 a.$1.17 b.$0.70 c.$0.66 d.$0.12Solve for the cost line equation using the high-low method: \table[[Month, Units Produced,Total Cost], [1,4,500,$ 38,000Need Correct Answer
- Given the following cost and activity observations for George Company’s utilities, use the high-low method to determine George’s variable utilities cost per machine hour. Cost Machine Hours May $16,500 105,000 June 18,000 120,000 July 16,000 100,000 August 17,500 117,000 a. $10.00 b. $0.10 c. $100.00 d. $1.00Given the following cost and activity observations for Leno Enterprises' utilities, use the high-low method to calculate Leno's variable utilities cost per machine hour. September October November December a) £0.08 b) £4.86 c) £0.25 d) £12.50 Cost Machine Hours £4,100 22,000£3,700 18,000£3,900 19,000 £4,500 28,000Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,142 15,489 April 2,691 10,041 May 2,810 11,509 4 June 3,881 18,009 a. $0.15 b. $1.05 O c. $1.64 Od. $1.01 10:21 PM 670002 K 63°F
