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What will utility costs be projected to be

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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

Problem a. Determine the cost equation.

Problem b. What is the variable cost per unit?

Problem c. What are the total fixed costs?

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

Reference no: EM132633258

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