The data for monthly utility costs and units of production for Acme Company is posted...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The data for monthly utility costs and units of production for Acme Company is posted below. Use the high low method to determine the fixed vs. variable component of the utility costs:
|
| ||||||||
|
| Units Produced | Total Utility Cost |
| |||||
| July | 21,550 | $44,415 | ||||||
| August | 38,304 | 57,456 | ||||||
| September | 43,092 | 65,835 | ||||||
| October | 26,334 | 45,486 | ||||||
| November | 47,880 | 89,176 | ||||||
| December | 45,486 | 74,214 | ||||||
Variable cost per unit produced: __________________
Fixed costs: ____________________________
What would the electricity costs be if 40,000 units were produced in one month? ________________
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.