Homework Answers
Variable cost = (Cost at highest activity - Cost at lowest activity) /(Highest activity-Lowest activity)
= (2230-1450)/(3000-1800)
= 0.65 per machine hour.
.
Fixed cost = Total cost - Variable cost
= 2230 - (3000*0.65)
= 280
.
Total Cost = (0.65*2100) + 280
= 1645
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