Gentry Industries has the following information about maintenance costs in the past six months. Month Machine _Hours Amount
January 200 $2,800
February 350 3,000
March 450 4,000
April 500 5,000
May 600 5,200
June 580 5,800
How much would Gentry pay if maintenance machine hours are 550?

Total cost= $5,425

Step-by-step explanation:

Giving the following information:

Month Machine _Hours Amount

January 200 $2,800

February 350 3,000

March 450 4,000

April 500 5,000

May 600 5,200

June 580 5,800

First, we need to calculate the fixed and variable costs. To do it, we will use the high-low method:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,800 - 2,800) / (600 - 200)

Variable cost per unit= $7.5 per hour

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 5,800 - (7.5*600)

Fixed costs= $1,300

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,800 - (7.5*200)

Fixed costs= $1,300

Now, we can determine the total cost for 550 hours:

Total cost= 1,300 + 7.5*550

Total cost= $5,425

answer: 298143

step-by-step explanation:

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (