Given the following cost and activity observations for Bounty Company’s utilities, use the high-low method to calculate Bounty’ variable utilities costs per machine hour. Round your answer to the nearest cent.
Cost Machine Hours
March $3,100 15,000
April 2,700 10,000
May 2,900 12,000
June 3,600 18,000
A. $0.11
B. $1,533
C. $1.75
D. $100
Answer: A. $0.11
You might also like to view...
Describe time inconsistency and explain how it can be avoided by a central bank setting monetary policy.
What will be an ideal response?
The matching rule relates to credit losses by stating that Uncollectible Accounts Expense should be recorded
A) in the period of the loss. B) for an exact amount. C) in the same period as allowed for tax purposes. D) in the period of the sale.
As small companies achieve success, they inevitably move toward more ________ marketing. They adopt more-developed marketing tools and adhere to them closely
A) ambush B) formulated C) entrepreneurial D) intrepreneurial E) multi-level
Successful businesses have learned that ethical behavior
a. is sometimes not possible when persuading people in lower socioeconomic groups. b. is sometimes not advantageous if the desired action cannot be achieved. c. is never followed by negative legal consequences. d. is good for business in the long run.