Using the High-Low Method, Calculate Variable Utilities Costs Per Machine

question 75

Multiple Choice

Using the high-low method, calculate variable utilities costs per machine hour. ? $$\begin{array} { l c c } & \text { Cost } & \text { Machine Hours } \\\text { January } & \$ 8,200 & 14,900 \\\text { February } & 13,600 & 21,200 \\\text { March } & 5,600 & 5,200 \\\text { April } & 9,400 & 17,900\end{array}$$ ?

• A) $0.33
• B) $0.64
• C) $0.50
• D) $0.25

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Definitions:

Utilization Function

A concept in economics and resource management referring to how effectively a service or resource is used for its intended purpose.

Acquaintance Judgments

Pertains to evaluations or assessments made about a person based on familiarity or brief interactions.

Emotional Experiences

The personal and subjective feelings that arise in response to stimuli, often involving physiological reactions and cognitive evaluations.

Self-Judgments

Evaluations or assessments that individuals make about themselves, their abilities, and their qualities.