Portman Company's activity for the first three months of 2022 are as follows: Machine Hours Electrical Cost January 2100 $4800 February 2600 $5800 $ March 2900 $6400 Using the high-low method, what is the variable cost per machine hour? $2.00 $3.05 Q$2.26 O $1.78

Portman Company's activity for the first three months of 2022 are as follows: Machine Hours Electrical Cost January 2100 $4800 February 2600 $5800 $ March 2900 $6400 Using the high-low method, what is the variable cost per machine hour? $2.00 $3.05 Q$2.26 O $1.78

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter5: Activity-based Costing And Management

Section: Chapter Questions

Problem 9MCQ: Assume that the moving activity has an expected cost of 80,000. Expected direct labor hours are...

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Question

Portman Company's activity for the first three months of 2022 are as follows:
Machine Hours
Electrical Cost
January
2100
$4800
February
2600
$5800
$
March
2900
$6400
Using the high-low method, what is the variable cost per machine hour?
$2.00
$3.05
Q$2.26
O $1.78

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