4. Buckeye Company has provided the following data for maintenance cost: Prior Year Current Year Machine...
4. Buckeye Company has provided the following data for
maintenance cost:
| Prior Year | Current Year | |
| Machine hours | 14,100 | 17,000 |
| Maintenance cost | $28,200 | $31,970 |
|
Maintenance cost is a mixed cost with variable and fixed components. The fixed and variable components of maintenance cost are closest to: |
Homework Answers
Variable cost per machine hour = (Highest activity cost - Lowest activity cost)/(Highest activity - Lowest activity)
= (31,970-28,200)/(17,000-14,100)
= 3,770/2,900
= $1.3 per machine hour
Fixed cost = Highest activity cost - Highest activity x Variable cost per machine hour
= 31,970 - (17,000 x 1.3)
= 31,970-22,100
= $9,870
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