Please answer all the three questions of multiple choice questions. I need help from expert. In 30 minutes answer it . I Need the correct solution don't copy from other websites The Longreach Toy Factory has determinedmachine hours to be the cost driver of thecompany's electricity costs. During the firstsix months of the year, the companyincurred the following electricitycosts:MONTH MACHINE HOURSELECTRICITY COSTJan780$8,200Feb720$8,360Mar 800$8,950Apr 900$9,360May 950$9,625Jun920$9,150Using the high-low method, estimatethe variable cost per machine hour.Selectone:a. None of the answers is correct.b. $7.44c. $5.50d. $8.38 Variable cost per unit:a. increases in direct proportion tochanges in the cost driverO b. remains unchanged as the level ofthe cost driver changesc. decreases in direct proportion tochanges in the cost driverO d. increases, but not in direct proportionto changes in the cost driverThe method of cost estimation that fits acost line between two data points is:O a. multiple regressionO b. high-lowc. account classificationO d. least squares regression

Lets understand the basics.In high low method, total costs are divided into variable and fixed…

Answered: The Longreach Toy Factory has…

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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