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 930 $6,480 February 1,830 $6,960 March 2,460 $8,400 April 630 $4,740 Using the high-low method, the estimated total fixed cost for utilities is: Multiple Choice О $1,530. О $4,740. $6,030. $3,390. о $3,480.

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 930 $6,480 February 1,830 $6,960 March 2,460 $8,400 April 630 $4,740 Using the high-low method, the estimated total fixed cost for utilities is: Multiple Choice О $1,530. О $4,740. $6,030. $3,390. о $3,480.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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