question archive Tijuana Tile has gathered the following information on its utility costs for the past six months
Tijuana Tile has gathered the following information on its utility costs for the past six months
Subject:AccountingPrice: Bought3
Tijuana Tile has gathered the following information on its utility costs for the past six months.
Machine Hours Utility Cost
1,300 …… $ 940
1,700 …… 1,075
1,250 ……. 900
1,800 …… 1,132
1,900 …… 1,160
1,500 …… 990
a. Using the high–low method, determine the cost formula for utility costs.
b. Prepare a flexible budget with separate variable and fixed categories for utility costs at 1,325, 1,500, and 1,675 machine hours.
Tijuana Tile has gathered the following information on its utili
