Using the high-low method, how much is the electricity costs if the actual machine hours used is 2,800? þbedient Industries electricity costs and machine hours over a nine-month period follow: (Relevant range isfrom 2,000 to 5,000 machine hours)Machine hoursMonthAprilCost21009,750May340014,300June580021,640July490019,550August250011,150September300012,900October240010,8008,44022,000November1800December4800

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Using the high-low method, how much is the electricity costs if the actual machine hours used is 2,800?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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