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I will give thumbs up and good rating! The following information is available for a company's maintenance cost over the last seven months Month Units
I will give thumbs up and good rating!
The following information is available for a company's maintenance cost over the last seven months Month Units Produced Maintenance Costi June 90 $ 3,950 July 150 5,750 August 110 4,550 September 5,150 October 200 6.35 November 230 6,950 December 50 3,350 140 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 Total variable costs at the high point Total fored 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 foxed costs Step by Step Solution
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