Blaney Company has one mixed cost. It uses machine hours as the activity level. Using the high -low method, determine the variable and fixed cost components.MachineHoursTotal CostJanuaryFebruaryMarch$10,6008,6009,600|7,600$19,59015,06017,34015,000AprilRound your answers to the nearest cent. Do not use commas or dollars signs in your responses.Variable cost $per machine hourFixed cost $

Variable cost represents the cost that varies with the change in output. Whereas, fixed cost does…

Blaney Company has one mixed cost. It uses machine hours as the activity level. Using the high - low method, determine the variable and fixed cost components. Machine Total Cost Hours $10,600 8,600 9,600 $19,590 15,060 17,340 15,000| January February March April 7,600

Blaney Company has one mixed cost. It uses machine hours as the activity level. Using the high - low method, determine the variable and fixed cost components. Machine Total Cost Hours $10,600 8,600 9,600 $19,590 15,060 17,340 15,000| January February March April 7,600

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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