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Chapter 18 Morgan Co. gathered the following information on power costs and factory machine usage for the last six months:

by | Jun 7, 2023 | Posted Assignments

Chapter 18 Morgan Co. gathered the following information on power costs and factory machine usage for the last six months: Month Electricity Cost Factory Machine Hours July \$24,400 13,900 August 29,200 17,600 September 29,000 16,800 October 22,340 13,200 November 19,900 11,600 December 14,900 6,600 Instructions Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. (a) What is the estimated variable portion of power costs per factory machine hour? (b) What is the estimated fixed power cost each month? (c) If it is estimated that 10,000 factory machine hours will be run in January of the next year, what is the expected total power cost for January? I have answer on question A only already , please check and see if i have right a. VAr cost per machine hour (29200- 14900) / (17600-6600) = 1.3 B. Calculate fixed power cost per month ? Need answering c) If it is estimated that 10,000 factory machine hours will be run in January of the next year, what is the expected total power cost for January? Need answer

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