The following four months of data were collected on utility cost and the number of...
70.2K
Verified Solution
Link Copied!
Question
Accounting
The following four months of data were collected on utility cost and the number of labor hours in a factory.
Month
Utility cost
Labor hours
January $115,550 7,540
February 106,782 6,900
March 105,400 6,840
April 110,112 7,150
Using the high-low method, compute the variable rate for the utility cost. Note. Enter numbers only-- do not use a dollar sign ($) or comma.
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.