Using the high-low method, how much is the electricity costs if the actual machine hours used is 4,200? Lycan Industries electricity costs and machine hours over a six-month period follow:MachineElectricityCostP4,8005,2005,400Hours2,000JanuaryFebruaryMarch2,5003,000AprilМay2,4005,0002,8002,2005,6005,000June

Variable cost means the cost which vary with the level of output where as fixed cost remains fixed…

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Using the high-low method, how much is the electricity costs if the actual machine hours used is 4,200?

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Question

Using the high-low method, how much is the electricity costs if the actual machine hours used is 4,200?

Lycan Industries electricity costs and machine hours over a six-month period follow:
Machine
Electricity
Cost
P4,800
5,200
5,400
Hours
2,000
January
February
March
2,500
3,000
April
Мay
2,400
5,000
2,800
2,200
5,600
5,000
June

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