EEB (Click the icon to view the data.) Requirements Using the high-low method, answer the...
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EEB (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 Reynolds Company uses 1,210 machine hours in a month, what will its total costs be? Data Table Requirement 1. What is the variable utilities cost per machine hour? Month Total Cost Machine Hours S 3.470 1.090 1,180 1.070 1.290 January Let's begin by determining the formula that is used to calculate the variable cost (slope) : Variable cost (slope) February 3 700 March April May June s 3.385 s3.770 4.300 Round the variable cost to the nearest cent.) 1360 1.470 Using the high-low method, the variable utilities cost per machine hour is S Requirement 2. What is the fixed cost of utilities each month? Let's begin by determining the formula that is used to calculate the fixed cost component $ 3.985 Using the high-low method, the fixed cost of utilities each month is S Choose from any list or enter any number in the input fields and then continue to the next
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