Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. coursherotranscribedtext: 6. machine hours and ele

CoursHeroTranscribedText: 6. Machine hours and electricity costs for AMK Industries for the past eleven months...

50.1K

Verified Solution

Question

Accounting

image
CoursHeroTranscribedText: 6. Machine hours and electricity costs for AMK Industries for the past eleven months were as follows: Month Machine Hours Electricity Costs January 2,000 $18,900 February 2,400 21,500 March 1,400 14,000 April 2,600 23,500 May 3,300 28,750 June 3,300 22,700 July 3,600 25,250 August 3,000 23,250 September 1,500 16,000 October 3,300 26,500 November 4,200 31,500 Required: a. Using the high-low method, develop an estimate of variable electricity costs per machine hour. b. Using the high-low method, develop an estimate of fixed electricity costs per month. C. Using the high-low method, develop a cost function for monthly electricity costs. d. Estimate electricity costs for a month in which 1,300 machine hours are worked

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Custom made primers are shipped as DNA powders. A student received a tube containing 19.5 nmoles...

Biology
Q

How accurate were your time predictions for each stage of the cell cycle? Discuss one observation...

Medical Sciences
Q

2 A steady current flows in a metallic conductor of non uniform cross section The...

Physics
Q

struct the inscribed and circumscribed circles of a angle I can prove properties of angles...

Geometry
Q

The wheels on Noah's bike have a circumference of about 5 feet.1. How far does...

Basic Math
Q

Subtract the polynomials: (-8x5 + 10x - 10x) - (-7x5 - 8x + 6)

Basic Math
Q

SEQUENCES b Describe the domain and the range of the sequence SEQUENCES Post Te

Basic Math
Q

A research center poll showed that 83 of people believe that it is morally wrong...

Statistics
Q

x 1 y 2 3 Locate the foci and find the equations of the asymptotes...

Algebra
Q

Prince Corporation acquired 100 percent of Sword Company on January 1, 20X7, for $188,000. The...

Accounting
Q

The following expenditures relating to plant assets were made by Prather Company during the first...

Accounting
Q

Suppose that IBMs stock price is $28, the strike price is $25, and the risk-free...

Finance