The following information is available for a company's maintenance cost over the last seven months....
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The following information is available for a company's maintenance cost over the last seven months. Month Units Produced July August September October November December 180 120 150 210 Maintenance cost $ 3.950 5.750 4,550 5,150 6,350 6.950 3,350 240 Using the high-low method, estimate both the fixed and variable components of its maintenance cost. High-Low method - Calculation of variable cost per maintenance hour Total cost at the high point Variable costs at the high point Volume at the high point: Variable cost per unit produced Check my work Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit produced Total variable costs at the high point Total foxed costs Total cost at the low point Variable costs at the low point Volume at the low point: Variable cost per unit produced Total variable costs at the low point Total fixed costs
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