Question
Maintenance costs at a Straiton Corporation factory are listed below: Machine Hours Maintenance Cost March 3,627 $54,384 April 3,588 $53,980 May 3,637 $54,453 June 3,638
Maintenance costs at a Straiton Corporation factory are listed below: Machine Hours Maintenance Cost March 3,627 $54,384 April 3,588 $53,980 May 3,637 $54,453 June 3,638 $54,491 July 3,572 $53,843 August 3,611 $54,196 September 3,644 $54,550 October 3,609 $54,181 November 3,669 $54,767 Management believes that maintenance cost is a mixed cost that depends on machine-hours. Using the high-low method to estimate the variable and fixed components of this cost, these estimates would be closest to: $0.10 per machine-hour; $54,382 per month $15.00 per machine-hour; $54,316 per month $9.12 per machine-hour; $21,309 per month $9.53 per machine-hour; $19,801 per month
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started