Solution-Estimate electricity costs at different levels of

Estimate electricity costs at different levels of volume

Assignment Help Accounting Basics

Reference no: EM131779818

Question - Nutt industries electricity costs and machine hours over a six month period Follow.

	Machine Hours	Electricity Costs
January	2,000	4,800
February	2,500	5,200
March	3,000	5,400
April	2,400	5,000
May	2,800	5,600
June	2,200	5,000

Using the high Low method, what is the formula that can be used to estimate electricity costs at different levels of volume?

a. Electricity costs = $2,800 + ($1.00 x number of machine hours)

b. Electricity costs = $2,600 + ($1.00 x number of machine hours)

c. Electricity costs = $400 + ($1.67 x number of machine hours)

d. Electricity costs = $3,600 + ($.60 x number of machine hours)

Reference no: EM131779818

Questions Cloud

Explain about the electroplating : Explain about the Electroplating - Principle of Buffer Solution - Hess's Law of constant heat of summation

Examine how the market structure impacts apple : Examine how the market structure impacts Apple, Inc business strategy.

Identify the effective fall prevention program : Identify the effective fall prevention program that would prevent or reduce the fall rates in the hospitals.

Discuss independent cases involving stock transactions : Complete the following table based on two independent cases involving stock transactions

Estimate electricity costs at different levels of volume : Using the high Low method, what is the formula that can be used to estimate electricity costs at different levels of volume

Prepare entry to allocate income to partner capital accounts : Assume that no funds have been distributed year and that they will not be distributed now. Prepare an entry to allocate income to the partner capital accounts.

Discuss income statement using variable cost : If the fixed manufacturing costs were $42,900 and the variable selling and administrative expenses were $14,600, prepare an income statement using variable cost

Journalize the entries to record in the partnership accounts : Ed and Frank form a partnership by combining the assets of their separate businesses. Ed contributes Cash of $10,000, accounts receivable with a face amount.

What knowledge or skills have you gained as a result : Explain about an interest you have pursued outside your academic classes. what knowledge or skills have you gained as a result?

User Account

All Pages

Estimate electricity costs at different levels of volume

Reference no: EM131779818

Reference no: EM131779818

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT