Given the following costs and activities for Downing Company electrical costs, use the high-low method to calculate Downing’s variable electrical costs per machine hour.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.18E
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Given the following costs and activities for Downing Company electrical costs, use the high-low method to calculate Downing’s variable electrical costs per machine hour.

 

Costs
Machine Hours
April
May
June
P11,700
P13,200
P11,400
15,000
17,500
14,500
Transcribed Image Text:Costs Machine Hours April May June P11,700 P13,200 P11,400 15,000 17,500 14,500
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