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!(need help with this problem)! Problem 2: (12 points) Mugi Inc, has provided the following data concerning its maintenance costs: April May June July August
!(need help with this problem)!
Problem 2: (12 points) Mugi Inc, has provided the following data concerning its maintenance costs: April May June July August September November December 5, 100 y= Management believes that maintenance cost is a mixed cost that depends on machine-hours. Required: Show your work! A: Using the high-low method, estimate the variable cost per machine-hour. y= at by Cas) Machine Hours 431, 400 y = Variable : $31, 400 5,700 5,780 5,760 5.750 5,720 5,800 5,820 5,790 + 5800A B: Estimate the fixed cost per month. Machine Cost $31.175 $31,225 $31,200 $31,150 $31.100 $31.400 $31.375 $31.325 C: If the company estimates that it will use 5,900 machine hours, what will be the Maintenance costs? $31, 400 + 5900 X
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