At Long Co. electricity cost starts with a minimum fixed cost, and after that, there is a perfectly variable expense
At Long Co. electricity cost starts with a minimum fixed cost, and after that, there is a perfectly variable
expense. Using estimated machine hours:
Machine hours Cost
50,000 $68,000
60,000 $80,000
What is the a) estimated variable cost per machine hour and what is the b) estimated TOTAL fixed cost?