high low method machine hours
High Low Method of Machine Hours 8000 10000 11000 9000 14000 12000 Total Maintenance Costs 600000 640000 800000 700000 900000 870000 Required. The companys relevant range of.
High Low Method In Accounting Definition Formula
In cost accounting a way of attempting to separate out fixed and variable costs given a limited amount of data.
. The high-low method involves taking the. Machine Hours 9000 3000 6000 Highest Lowest Difference Utility Cost 1960 880 1080 a. Based on the following information calculate fixed costs per month using the high-low method.
High Low Method In. Using the high-low method develop an estimate of variable electricity costs per machine hour. Business Accounting QA Library Using the high-low method the utilities cost associated with 980 machine 1 point hours would be.
The high-low method involves taking the. View high low methoddocx from BSMA 401 at STI College multiple campuses. Hotlanta Inc which uses the high-low method to analyze cost behavior has determined that machine hours best explain the companys utilities cost.
The companys relevant range of activity varies from a low of 600 machine hours. Machine-Hours Maintenance Costs Highest observation of cost driver 140000 280000 Lowest observation of cost driver 95000 190000 Difference 45000. Lets learn togetherHigh-low method by Marrytaleif you are having a hard time understanding the high-low method I am here to catch youdont forget to subsc.
Part 1 High-Low Method 12 Points. The Hunter Company uses the high-low method to estimate the cost function. 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. Atlanta Inc which uses the high-low method to analyze. 1 Change in total cost Change in machine hours Variable cost slope Change in total cost 5256-3296 1960.
Month Maintenance Cost Machine Hours. Month February Machine hours 6900 MOH6250 March Machine hours 5000 MOH 5375 April Machine hours 6300 MOH 6025 May. View the full answer.
High Low Method In Accounting Definition Formula
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