Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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Portman Company's activities for the first three months of 2016 are
as follows:
Machine Hours Electrical Cost
January 3000
February 3500
March
3800
$5,500
$6,500
$7,100
Using the high-low method, how much is the cost per machine hour?
a. $2.37
b. $1.45
c. $1.85
d. $2.00
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Transcribed Image Text:Portman Company's activities for the first three months of 2016 are as follows: Machine Hours Electrical Cost January 3000 February 3500 March 3800 $5,500 $6,500 $7,100 Using the high-low method, how much is the cost per machine hour? a. $2.37 b. $1.45 c. $1.85 d. $2.00
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