Electricity costs at Halladay Corporation's manufacturing plant are listed below. March April May June July...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Electricity costs at Halladay Corporation's manufacturing plant are listed below. March April May June July August September October November Machine- Hours 4,270 4,229 4,236 4,325 4,297 4,310 4,242 4,304 4,220 Utility Cost $39,633 $39,325 $39,452 $ 39,921 $ 39,767 $39,798 $39,454 $ 39,831 $39,238 Halladay's Management has determined that the plant's electricity cost is a mixed cost that depends on machine-hours used at the plant. Required: Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. (Round your variable cost to 2 decimal places and fixed cost to the nearest dollar amount. Be sure to round variable cost to 2 decimal places in all intermediate calculations. Omit the "$" sign in your response.) Variable cost Fixed cost A tA At an activity level of 8,500 machine-hours in a month, Curt Corporation's total variable production engineering cost is $708,900 and its total fixed production engineering cost is $168,210. What would be the production engineering cost per machine-hour, both fixed and variable, at an activity level of 8,900 machine-hours in a month? Assume that this level of activity is within the relevant range. (Do not round intermediate calculations.) Production Engineering Cost Per Machine-hour
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!