Jungemann Company, which uses the high-low method to analyze cost behavior, has desermined thet machine...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Jungemann Company, which uses the high-low method to analyze cost behavior, has desermined thet machine hours best peedict the company's total utilies cost The company's cost and machne hour unage data for the first six months of the yoar foliow: (Cick the icon to view the dota) Read the requrements Data table Requirement 1 , What is the variable utities cost per machine hour? Lets begin by determining the formula that is used to calculate the variable cost (olope) (Pound the variable cost to the nearest cont) Uning the hightow mothod, the vanable utiltes cost per machine hour in Requirement 2. What is the fixed cost of utilies each month? Lers begin by determining the formula that is used to calculate the fixed cost component Using the hightow methed, the fixed cost of ulaties each month is Requirement 2 If Jurgemann Company uses 1,250 machine hours in a month, what will is total covts be? (Round the variatie cost per unit to two decimal places and round your fotal cosis calailion to the nesrem whole dollar? The lolal costs when 1250 machine hours are used is
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!
