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The following information is available for Mazoon company's electricity cost for operating its heavy machinery over the last quarter of the year 2020. Month Machine hours Electricity cost September 1,800 $ 10,900 October 800 $ 6,200 November 5,800 $ 17,200 December 4,600 $14,200 Using the high-low method, the estimated variable cost per machine hour for total cost of electricity is approximately: O a. $0.45 O b. None of the given answers O c. $2.2 O d. $2.11 e. $2.97

The following information is available for Mazoon company's electricity cost for operating its heavy machinery over the last quarter of the year 2020. Month Machine hours Electricity cost September 1,800 $ 10,900 October 800 $ 6,200 November 5,800 $ 17,200 December 4,600 $14,200 Using the high-low method, the estimated variable cost per machine hour for total cost of electricity is approximately: O a. $0.45 O b. None of the given answers O c. $2.2 O d. $2.11 e. $2.97

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information is available for Mazoon company's electricity cost for operating its heavy machinery over the last quarter of the year 2020. Month Machine hours Electricity cost September 1,800 $ 10,900 October 800 $ 6,200 November 5,800 $ 17,200 December 4,600 $14,200 Using the high-low method, the estimated variable cost per machine hour for total cost of electricity is approximately: O a. $0.45 O b. None of the given answers O c. $2.2 O d. $2.11 Fin O e. $2.97 F1 F2 F3 F5 F6 F7 F10 23 & 1 2 3 4 6. 7 8. Q E R IT Y A F GYH K 1. ZI C V } YNIM 24 S 17 B
Transcribed Image Text:The following information is available for Mazoon company's electricity cost for operating its heavy machinery over the last quarter of the year 2020. Month Machine hours Electricity cost September 1,800 $ 10,900 October 800 $ 6,200 November 5,800 $ 17,200 December 4,600 $14,200 Using the high-low method, the estimated variable cost per machine hour for total cost of electricity is approximately: O a. $0.45 O b. None of the given answers O c. $2.2 O d. $2.11 Fin O e. $2.97 F1 F2 F3 F5 F6 F7 F10 23 & 1 2 3 4 6. 7 8. Q E R IT Y A F GYH K 1. ZI C V } YNIM 24 S 17 B
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