high low method machine hours
Based on the following information calculate fixed costs per month using the high-low method. The Hunter Company uses the high-low method to estimate the cost function.
Solved Question Abc Company Incurred The Following Maintainance Costs During The Past Months Table Months Machine Hours 2200 1000 1200 16uu 1300 Cost 200 920 6280 4020 7020 8400 950u Zuuu 2000
The high-low method involves taking the.
. The high-low method involves taking the. Month Maintenance Cost Machine Hours. Barkoff Enterprises which uses the high-low method to analyze cost behavior has determined that machine hours best explain the companys utilities cost.
Now the formula for high low method is calculated. Using the high-low method develop an estimate of variable electricity costs per machine hour. The highest number of machine hours was 30000 and total semi-variable costs at that level were 120000.
Skip to main content. Part 1 High-Low Method 12 Points. First week only 699.
Month February Machine hours 6900 MOH6250 March Machine hours 5000 MOH 5375 April Machine hours 6300 MOH 6025 May. The companys relevant range of. Start your trial now.
In cost accounting a way of attempting to separate out fixed and variable costs given a limited amount of data. Solution for Using the high-low method how much is the electricity costs if the actual machine hours used is 2800. Machine Hours 9000 3000 6000 Highest Lowest Difference Utility Cost 1960 880 1080 a.
High Low Method of Machine Hours 8000 10000 11000 9000 14000 12000 Total Maintenance Costs 600000 640000 800000 700000 900000 870000 Required. The lowest number of machine hours was 22000 and total semi-variable costs at. View high low methoddocx from BSMA 401 at STI College multiple campuses.
Machine Hours 22000 32000 26000 24000 Cost 56000 May June July August Oa. High Low Method In. Machine-Hours Maintenance Costs Highest observation of cost driver 140000 280000 Lowest observation of cost driver 95000 190000 Difference 45000.
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