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2. Majan company shared the following data for a number of recent months: Month January February March April Product Returns 25 30 27 25 19
2. Majan company shared the following data for a number of recent months: Month January February March April Product Returns 25 30 27 25 19 10 Warranty Cost $6,257 $7,207 $6,550 $4,022 $3,891 $3,247 May June Required: Estimate the variable cost per product return and the fixed cost per month using high-low method. Test your answer with both the high and low numbers
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