answersLogoWhite

0


Best Answer

you have to subtract the cost at the lowest activity from the cost the the highest activity then subtract the lowest activity from the highest activity and divide both answers you got. in that way you find the variable cost.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you use the high-low method in estimating cost function with machine hours as the cost driver you have data machine hours kilowatt hours and total overhead costs for january-june.?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

In estimating the profitability of a catering business is most likely to be considered a fixed expense in your overhead costs.?

An example of a fixed cost for catering would include rent; utilities, equipment and insurance.


In estimating the profitability of a catering business blank is most likely to be considered a fixed expense in your overhead cost?

An example of a fixed cost for catering would include rent; utilities, equipment and insurance.


What are the functions of overhead projector?

The function of an overhead projector is to show information on a screen using transparencies. Everything on the transparency had to be first printed backwards so that it would show on the screen in the right order.


Estimating Software?

Estimating Software Can Save Time And Money Businesses predicated upon project work find estimating software a valuable time saver. Estimating software is available as part of regular modules within most accounting software such as Peachtree or Quickbooks. In departments where estimating is the chief responsibility it may be necessary to consider installing estimating software to hasten the pre-project cost analyses as well as costs for time, labor and parts. Small businesses as well as large operations where accounting transactions occur frequently benefit from estimating software. It’s infinitely easier to assess costs of various parts for mechanical inventories and mechanical installation projects with the use of estimating software. Examples Of How Estimating Software Works One example of how estimating software is a necessity is in engineering projects. Most engineering projects begin with estimating the cost of design, installation, equipment, parts, labor and time. This is done by estimators whose duty it is to research all of these costs, create a template in an estimating software environment and produce a estimated report of the total cost of the project. Another example of estimating software use is in small laboratories where testing is done. In these cases estimating software track costs of chemicals for testing, labor and time as well as tabulate the impact on overhead. The Final Stages of Good Estimating Software In its most useful final stage in the estimating process, estimating software has one other significant value: cost comparisons from one project or transaction to that of others. In instances where projects or business transactions are similar, estimating software tracks increases or reduction in costs that make it easier to identify budgetary impact. In large engineering projects, estimating is essential to maintain true cost of parts and labor from one project to the next. It just makes good sense to evaluate the need for estimating software as it pertains to the specifics of each business. For new businesses, estimating software is crucial to defining project costs vs. actual costs. Estimating Software And Internal Cost Accounting Internal cost accounting requires a tracking of estimated costs for projects or regular transactions of business to produce a clear representation of profit and loss.


What is function of pantograph?

A pantograph is an apparatus mounted on the roof of an electric train to collect power through contact with an overhead catenarywire.


Which keyword makes function calls faster and reduce overhead generated in c?

Compiler-specific; on your current knowledge-level, you shouldn't bother with it.


How do you calculate Overhead absorption rate apportionment?

Overhead rate : Overhead rate = total overhead cost / direct labor OR Overhead rate = Total overhead cost / machine hours.


What word is the adverb in the sentence several flew overhead?

The adverb is overhead.


Is overhead an adverb?

Overhead can be an adverb. But it can also be an adjective or noun. Planes flying "overhead" would be an adverb. Overhead wires would be an adjective. The overhead of a business would be a noun.


Is is overhead an adverb?

Overhead can be an adverb. But it can also be an adjective or noun. Planes flying "overhead" would be an adverb. Overhead wires would be an adjective. The overhead of a business would be a noun.


Why would the ext temp overhead console and clock not function but then come on mid-drive in a 2000 GMC Jimmy?

sounds like it could be a loose connection.


What is combined overhead variance?

Combined overhead variance = fixed overhead variance + variable overhead varianceFixed Overhead :which remains fixed and donot change upto certain level of productionVariable Overhead: which keep changing with the change in production units.