Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined thatmachine hours best explain the company's utilities cost. The company's relevant range of activity variesfrom a low of 600 machine hours to a high of 1,200 machine hours, with the following data being availablefor the first six months of the year:MonthUtilitiesMachine HoursJanuary9,600890February9,260810March9,850900April10,2601,010May10,7321,040June10,050990The fixed utilities cost per month for Barkoff is:Multiple Choice$3,440.$4,076.$4,436.• $4,776.None of the answers is correct

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1.200 machine hours, with the following data being avalable for the first six months of the year: Month Utilities Machine Hours January 9,600 890 February 9.260 810 March 9,850 900 April 10.260 1010 May 10,732 1,040 June 10,050 990 The fixed utilities cost per month for Barkoff is: Multiole Choice • 55,440. • $4,076. • $4,436. • 54,776. • None of the answers is correct

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1.200 machine hours, with the following data being avalable for the first six months of the year: Month Utilities Machine Hours January 9,600 890 February 9.260 810 March 9,850 900 April 10.260 1010 May 10,732 1,040 June 10,050 990 The fixed utilities cost per month for Barkoff is: Multiole Choice • 55,440. • $4,076. • $4,436. • 54,776. • None of the answers is correct

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Company, which uses the high-low method to analyze cost behavior, has determined that machine hours best predict the company's total utilities cost. The company's cost and machine hour usage data for the first six months of the year follow:
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