Solution-Estimate the total variable electricity costs

Estimate the total variable electricity costs

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Reference no: EM13889981

Madison Company manufactures major appliances. Because of growing interest in its products, it has just had its most successful year. In preparing the budget for next year, its controller compiled the following information:

Month	Volume in Machine Hours	Electricity Cost
July	6,000	$ 60,000
August	5,000	53,000
September	4,500	49,500
October	4,000	46,000
November	3,500	42,500
December	3,000	36,000
Six-month total	26,000	$287,000

Using the high-low method, determine the variable electricity cost per machine hour and the monthly fixed electricity cost. Estimate the total variable electricity costs and fixed electricity costs if 4,800 machine hours are projected to be used next month.

Reference no: EM13889981

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Estimate the total variable electricity costs

Reference no: EM13889981

Reference no: EM13889981

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