The Chambers Manufacturing Company Recorded Overhead Costs of $14,182 at an Activity

question 31

Multiple Choice

The Chambers Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at 2,300 machine hours.The records also indicated that overhead of $9,730 was incurred at 2,600 machine hours.What is the variable cost per machine hour using the high-low method to estimate the cost equation?

• A)$2.78.
• B)$2.86.
• C)$3.10.
• D)$3.38.

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Definitions:

Liberals

Individuals or political parties advocating for policies that emphasize individual freedoms, social justice, and progressive reform.

Conservatives

Individuals or political factions favoring traditional views and values, advocating for minimal governmental intervention in the economy and society.

Socialists

People who advocate for socialism, a political and economic theory of social organization advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.

Federalists

Supporters of the ratification of the U.S. Constitution, advocating for a strong federal government and the creation of a union of states with a centralized authority.