The Mullen Company's activity for the first three months of 2011 is as follows: Machine Hours Electrical Cost January 2,100 $4,800 February 2,600 $5,800 March 2,900 $6,400 Using the high-low method, how much is the variable cost (VIC) per machine hour? A) $2.00 B) $3.00 C) $2.26 D) $1.78

The Mullen Company's activity for the first three months of 2011 is as follows: Machine Hours Electrical Cost January 2,100 $4,800 February 2,600 $5,800 March 2,900 $6,400 Using the high-low method, how much is the variable cost (VIC) per machine hour? A) $2.00 B) $3.00 C) $2.26 D) $1.78

Cornerstones of Cost Management (Cornerstones Series)

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ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

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Question

The mullen company activity for the first solve this accounting questions

The Mullen Company's activity for the first three months of 2011 is as
follows:
Machine Hours Electrical Cost
January 2,100
$4,800
February 2,600
$5,800
March 2,900
$6,400
Using the high-low method, how much is the variable cost (VIC) per
machine hour?
A) $2.00
B) $3.00
C) $2.26
D) $1.78

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