edugen wileyplus.com LLLS Weygandt, Financial & Managerial Accounting, 2e Help I

Question

edugen wileyplus.com LLLS Weygandt, Financial & Managerial Accounting, 2e Help I System newerkMonth Total Machine Hours anuary February March April $2,860 300 350 500 690 500 700 Part 3,760 4,660 3,360 5,620 une (a1) Study Your answers correct. Determine the varieble cost components using the high-low method. (Round variable cost to 3 decimal places eg. 12.250) Variable cost per machine hour TO TEXT Attempts: 1 of 3 used (a2) Determine tre fixed cornooners ueng ne bah-tew method. (Round-nawer eadeosal elec and

Explanation / Answer

(a2) Total fixed costs = Total cost - Total variable cost

Total fixed costs = $5,620 - (700 × $6.9)

Total fixed costs = $5,620 - $4,830

Total fixed costs = $790

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