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Grayson Company's high and low level of activity last year was 9,800 units of product produced in May and 6,800 units produced in November. Machine
Grayson Company's high and low level of activity last year was 9,800 units of product produced in May and 6,800 units produced in November. Machine maintenance costs were $6,500 in May and $5,000 in November. Use the high-low method to determine an estimate of the total maintenance cost for a month in which production is expected to be 1,150 units. $1,600 $575 $2,175 $0.50
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