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Find what will utility costs be projected to be

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Reference no: EM132638701

Corporation uses the high-low method to analyze cost behavior. You as controller have determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:

Month            Utilities              Machine Hours

January          $8,700                     800

February           8,360                    720

March              8,950                    810

April               9,360                     920

May                  9,625                950

June                 9,150                 900

Question a. Determine the cost equation.

Question b. What is the variable cost per unit?

Question c. What are the total fixed costs?

Question d. If there are 980 machine hours, what will utility costs be projected to be?

Reference no: EM132638701

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