Song, Inc, uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, total maintenance costs averaged $3430 per hour. When activity jumped to 27,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $27.30. On the basis of this information, the variable cost per machine hour was (Round your final answer to 2 declmal places): On the basis of this information, the fixed cost was (Round your Intermedlate calculations to 2 decimal places final answer to nearest dollar amount): On the basis of this information, what were total maintenance costs when the company experienced 25,000 machine hours? (Round your Intermedlate calculations to 2 decimal places final answer to nearest dollar amount.)

Song, Inc, uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, total maintenance costs averaged $3430 per hour. When activity jumped to 27,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $27.30. On the basis of this information, the variable cost per machine hour was (Round your final answer to 2 declmal places): On the basis of this information, the fixed cost was (Round your Intermedlate calculations to 2 decimal places final answer to nearest dollar amount): On the basis of this information, what were total maintenance costs when the company experienced 25,000 machine hours? (Round your Intermedlate calculations to 2 decimal places final answer to nearest dollar amount.)

Name: Song, Inc., uses the high-low method to analyze cost behavior. The co
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Description: Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 20,000machine hours of activity, total maintenance costs averaged $34.30 per hour. When activity jumped to27,000 machine hours, which was still within the re

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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