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Month Hours of Maintenance Service Maintenance Costs January 530 $ 4,825 February 460 4,170 March 260 2,800 April 500 4,320 May 330 2,980 June 470
Month Hours of Maintenance Service Maintenance Costs
January 530 $ 4,825
February 460 4,170
March 260 2,800
April 500 4,320
May 330 2,980
June 470 4,190
July 340 3,090
August 450 3,510
September 490 4,000
October 360 3,290
November 370 3,190
December 340 3,090
Total 4,900 $ 43,455
Average 408 $ 3,621
Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nations Capital Fitness, Incorporated. Express the cost behavior pattern in equation form.
Monthly=________+________x
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