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Greetings Would you please assist with the following problem? Ref: question 28 vidual Assignment 2020 Matrix hair is a hair salon situated in a well-known

Greetings

Would you please assist with the following problem? Ref: question 28

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vidual Assignment 2020 Matrix hair is a hair salon situated in a well-known shopping mall In Cape Town. The hair salon has a contract with a cleaning company that cleans the salon on a daily basis. The cost-structure of the total cleaning cost for a specific month consists of a fixed monthly fee and an additional cost per hour worked by cleaning staff. The fixed monthly fee charged by the cleaning company is constant between zero and 70 hours per month, but Increases to a higher amount when more than 70 hours are worked in a specific month. The following schedule lists the total costs and hours cleaning staff worked at the salon during the past 12 months: Hours Rand worked January 6,080 72 February 5,520 68 March 5.475 65 April 5,400 60 May 5,535 69 June 6.095 73 July 6,110 74 August 5.460 64 September 6,170 78 October 5,490 66 November 5.490 66 December 6,080 72 Required: Complete the following table using the High-low method: 1. Variable cost per hour worked by cleaning staff 2. Total fixed cost for a month in which less than 70 hours are worked by cleaning staff 3. Total fixed cost for a month in which more than 70 hours are worked by cleaning staff

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