Utility costs at one of Hambley Corporation's factories are listed below:
Management believes that utility cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Show your work!

Question

Utility costs at one of Hambley Corporation's factories are listed below:  
Management believes that utility cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Show your work!

Quizplus · Accepted Answer

The Answer of Utility costs at one of Hambley Corporation's factories are listed below:  
Management believes that utility cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method. Show your work!

Utility Costs at One of Hambley Corporation's Factories Are Listed