Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. barkoff enterprises, which uses the high-low metho

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine...

70.2K

Verified Solution

Question

Accounting

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has 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 1,200 machine hours, with the following data being available for the first six months of the year: Month Utilities Machine Hours January $ 9,600 890 February 9,260 810 March 9,850 900 April 10,260 1,010 May 10,732 1,040 June 10,050 990 Using the high-low method, the utilities cost for Barkoff associated with 1,070 machine hours would be: Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has 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 1,200 machine hours, with the following data being available for the first six months of the year: Month Utilities Machine Hours January $ 9,600 890 February 9,260 810 March 9,850 900 April 10,260 1,010 May 10,732 1,040 June 10,050 990 Using the high-low method, the utilities cost for Barkoff associated with 1,070 machine hours would be

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

a sph erica symme distribution with charge density varying as p r Po upto r...

Basic Math
1.2K views

Of the last 75 people who went to the cash register at a department store,...

Statistics
1.2K views

Let X be a random variable with the following proba Value x of X P...

Algebra
1.2K views

Find both the standard and parametric equations of the plane containing the points (-1,2,3), (0,...

Algebra
1.2K views

3 Let f x 2x x 3 and g x x 1 a g x...

Accounting
1.2K views

pls The operations vice president of Security Home Bank has...

Accounting
1.2K views

What is a safe cash payment?

Accounting
1.2K views

In recent years, Martinez Transportation purchased three used buses. Because of frequent turnover in the...

Accounting
1.2K views

Determine the effective annual interest rate on a $100,000 short-term loan, with a term of...

Accounting
1.2K views

You have been asked to prepare the monthly cash budget for June and July for...

Finance
1.2K views

1. Consider the following two mutually exclusive projects: You require a 15% return on your...

Finance
1.2K views

Lee Inc. is an American firm that will need to make a payment of 889,000...