Solution-Find estimated variable cost per machine hour for

Find estimated variable cost per machine hour for utilities

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Reference no: EM132441526

Question -

Q1. The following information is available for a company's utility cost for operating its machines over the last four months.

Month	Machine hours	Utility cost
January	1,080	$5,630
February	1,980	$7,260
March	2,760	$8,100
April	780	$3,960

Required - Using the high-low method, the estimated variable cost per machine hour for utilities is:

$2.93

$5.08

$2.09

$3.78

$5.57

Q2. The following information is available for a company's cost of sales over the last five months.

Month	Units sold	Cost of sales
January	480	$34,200
February	880	$41,000
March	2,000	$53,000
April	2,800	$65,000

Required - Using the high-low method the estimated variable cost of sales per unit sold is:

$23.21

$71.25

$30.24

$13.28

$26.50

Reference no: EM132441526

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Find estimated variable cost per machine hour for utilities

Reference no: EM132441526

Reference no: EM132441526

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