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vova2212 [387]
1 year ago
5

hich uses the​ high-low method to analyze cost​ behavior, has determined that machine hours best predict the​ company's total ut

ilities cost. The​ company's cost and machine hour usage data for the first six months of the year​ follow: LOADING...​(Click the icon to view the​ data.) Requirements Using the​ high-low method, answer the following​ questions: 1. What is the variable utilities cost per machine​ hour? 2. What is the fixed cost of utilities each​ month? 3. If Smith Company uses 1 comma 220 machine hours in a​ month, what will its total costs​ be?
Mathematics
1 answer:
Crank1 year ago
3 0

Answer:

1)- Variable utilities cost per machine hour = 1.6 per machine hour

2)- Fixed cost = 1740

3)-Total cost on 1220 Machine hour will be

= 3692

Step-by-step explanation:

1) CALCULATE VARIABLE UTILITIES COST PER MACHINE HOUR :

Variable utilities cost per machine hour = Change in cost/high machine hour-low machine hour

=4076-3388/1460-1030

Variable utilities cost per machine hour = 1.6 per machine hour

2) Fixed cost = Total cost-variable cost

= 3388-(1030*1.6)

Fixed cost = 1740

3) Total cost on 1220 Machine hour will be (1220*1.6+1740) = 3692

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Answer:

The new rate should be $56.67 per day

Step-by-step explanation:

Proportion states that the two fractions or ratios are equal.

As per the statement:

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To find the new rate:

Let new rate be x per day

By definition of proportion:

\frac{126}{100} = \frac{x}{45}

By cross multiply we have;

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Therefore, the new rate should be $56.7 per day




5 0
2 years ago
What is the constant of the polynomial 2x3 - 8x2 + 3x - 7
Firlakuza [10]

Answer:

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Step-by-step explanation:

A constant number is a number that contains no variables like x and y. The only constant in that problem is -7.

8 0
1 year ago
Find the magnitude of wx for w(-3 5 4) and x(9 5 3)
Hatshy [7]

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Step-by-step explanation:

Since we have given that

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3 0
1 year ago
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Answer:

No

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