Please answer Part C and show how it was done. Thanks! Mercy, Inc., has collecte

Question

Please answer Part C and show how it was done. Thanks!

Mercy, Inc., has collected the following information on its cost of electricity Machine Hours Total Electricity Costs 520 540 350 460 680 710 330 540 260 740 860 600 $250 $290 $190 $210 $270 $350 $160 $250 $132 $330 $360 $330 January Februa March April May July August September October November December Using the high-low method, compute the variable cost unit cost to 2 decimal places,e.g.52.75.) city per machine hour. ( per machine hour Variable cost Click if you would like to Show Work for this Open Show Work Compute the total fixed cost of electri answer to 2 e.g. 52.75. Fixed cost Click if you would like to Show Work for this question Open Show Work Represent the electricity cost function in equation form. (Round answers to 2 decimal places, e.g.52.75.) Total cost MH

Explanation / Answer

1 Variable cost = (360-132)/(860-260)=0.38 per machine hour 2 Fixed cost = 360-(860*0.38)= 33.2 3 Total cost = $0.38XMH+$33.2

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