Solution 1:
Change in cost / change in volume = variable cost
($4200 -$3500) / (1400 -1000) = variable cost
$700/ 400 = $1.75
Solution 2:
Fixed cost per month = Total cost - variable cost = $4200 - ($1.75*1400) = $1,750
Sllution 3:
Total cost for 1250 hours = fixed cost + variable cost = $1750 + ($1.75*1250) = $3,937.50
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If Coughlin Company...
Coughlin Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utlities cost. The company's cost and machine hour usage data for the first six months of the year follow (Click the icon to view the data.) Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If Coughlin Company...
Jungemann Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: Jungemann Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow:...
E6-23 (similar to) Chen Company, which uses the High-Low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: Month Machine Hours January 1,090 Total Costs $ 3,400 $ 3,760 $ 3,532 February 1,190 March 1,080 April $3,760 1,260 May $ 4,400 1,380 June $ 4,192 1,480 Requirements: Using the High-Low method to predict the total...
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Month, Utilities Machine Hours January $ 9,200 850 February 8,860 770 March 9,450 860 April 9,860 970 May 10,240 1,000 June 9,650 950...
please answer requierement 1,2 and 3 Tran Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow: Click the icon to view the data.) Read the requirements - X Х Data Table 1 - till Month Total Cost Machine Hours 3,400 1,090 January...... $ February ..... $ March ... $ 3,770...
Question Help Tran Company, which uses the high-low method to analyze cost behaviour, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow Click the icon to view the data.) Requirements Using the high-low method, answer the following questions: 1. What is the variable utilities cost per machine hour? 2. What is the fixed cost of utilities each month? 3. If...
Question Help E6-34A (similar to) Meyer Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's totale s cost. The company's cost and machine hour usage data fort first six months of the year follow (Click the loon to view the data) Requirements Using the high-low method, answer the following questions 1. What is the variable its cost per machine hour? 2. What is the red cost of its each month?...
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Machine Month Utilities Hours January February $10,300 960 9,960 880 March 10,550 970 April 10,960 1,080 May 11,087 1,110 June 10,750 1,060 Using...
1. ker Corporation uses the high-low method to analyze cost behavior. You as controller have determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year: Month Utilities Machine Hours January $8,700 800 February 8,360 720 March 8,950 810 April 9,360 920 May 9,625 950 June...