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Maintenance costs at a Whetsel Corporation factory are listed below: Machine Hours Maintenance Cost March...

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Accounting

Maintenance costs at a Whetsel Corporation factory are listed below:

Machine Hours

Maintenance Cost

March

Apri

May

3.135

$48 340

3.095

3.47.993

3.133

$48,345

3.157

$48,548

3.065

$47,733

August

3.076

547.830

September

3 084

547 880

October

3.125

548.247

November

3.098

$48.014

Management 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 nearest whole cent. Compute the fixed component second and round off to the nearest whole dollar. These estimates would be closest to what?

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