Business, 18.07.2020 21:01 kayladgranger

The following information is available for a company’s maintenance cost over the last seven months. Month Maintenance Hours Maintenance CostJune 9 $5,450July 18 6,900August 12 5,100September 15 6,000October 21 6,900November 24 8,100December 6 3,600Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hourTotal cost at the high pointVariable costs at the high point:Volume at the high point:Variable cost per maintenance hourTotal variable costs at the high pointTotal fixed costsTotal cost at the low pointVariable costs at the low point:Volume at the low point:Variable cost per maintenance hourTotal variable costs at the low pointTotal fixed costs

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