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Maintenance costs at a Stanton Corporation factory are listed below:Machine"MaintenanceHoursCostMarch3.627$54,384April3,588$53,980May3,637$54,453June3,638$54,491July3,572$53,843August3,611$54.196September3.644$54.550October3,609$54,181Novemben3.669$54,767Management believes that maintenance cost is...

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Accounting

Maintenance costs at a Stanton Corporation factory are listed below:Machine"MaintenanceHoursCostMarch3.627$54,384April3,588$53,980May3,637$54,453June3,638$54,491July3,572$53,843August3,611$54.196September3.644$54.550October3,609$54,181Novemben3.669$54,767Management believes that maintenance cost is a mixed cost that depends on machine-hours. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first and round off to the mearest whole cent. Compute the fixed component second and round off to the nearest whole dollar. These estimates would be closest to: $9.53 per machine-hour: $19,801 per month $0.10 per machine-hour: $54,382 per month $15.00 per machine-hour; $54,316 per month $9.12 per machine-hour: $21,309 per month

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