Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations:

-Using the high-low method,the estimated variable cost per machine hour for electricity is closest to which of the following?
A) $0.40.
B) $0.98.
C) $1.68.
D) $2.50.

Question

Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations:

-Using the high-low method,the estimated variable cost per machine hour for electricity is closest to which of the following?
A) $0.40. 
B) $0.98. 
C) $1.68. 
D) $2.50.

Quizplus · Accepted Answer

The Answer of Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations:

-Using the high-low method,the estimated variable cost per machine hour for electricity is closest to which of the following?
A) $0.40. 
B) $0.98. 
C) $1.68. 
D) $2.50.

Gargymal Company Would Like to Estimate the Variable and Fixed