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2) Terrell Corporation has the following data relating to its power usage for the first six...

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Question

Accounting

2) Terrell Corporation has the following data relating to itspower usage for the first six months of the current year.

Month

Usage

(Kw)Cost

Jan.

500

$450

Feb.

550

455

Mar.

475

395

Apr.

425

310

May

450

380

June

725

484

Assume usage is within the relevant range of activity.

Required:

a.

Using the high-low method, compute the cost formula.

b.

Terrell Corporation estimates its power usage for July at 660watts. Compute the total power cost for July.

Answer & Explanation Solved by verified expert
4.0 Ratings (408 Votes)
All working forms part of the answer HIGH LOW METHOD Working Months Units Cost High Level June 725 48400 Low Level    See Answer
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