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Maintenance costs at Oceanside Hotel over the past six months are listed in the following table. Month January February March April May June Maintenance
Maintenance costs at Oceanside Hotel over the past six months are listed in the following table. Month January February March April May June Maintenance cost $13,600 $14,720 $12,000 $14,480 $15,000 $13,200 Machine hours 15,500 16,900 14,000 16,600 18,000 15,000 Using the high-low method, what would the monthly fixed maintenance cost be? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.) A. $13,500 B. $1,500 C. $3,000 D. $27,000
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