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Utility Costs at One of Hambley Corporation's Factories Are Listed

Question 40

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Utility costs at one of Hambley Corporation's factories are listed below: Utility costs at one of Hambley Corporation's factories are listed below: Management believes that utility cost is a mixed cost that depends on machine-hours. Required: Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method.Show your work! Management believes that utility cost is a mixed cost that depends on machine-hours.
Required:
Estimate the variable cost per machine-hour and the fixed cost per month using the high-low method.Show your work!

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Machine-Hours Utility Cost
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