Oak Island Amusements Center provides the following data on the costs of maintenance and the number of

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Oak Island Amusements Center provides the following data on the costs of maintenance and the number of visitors for the last three years.

Number of Visitors per Year(thousands) Maintenance Costs($000)

1,910 3,372

$3,075 4,350

2,090 6,735

a.Use the high-low method to estimate the fixed cost of maintenance annually and the variable cost of maintenance per visitor.

b.The company expects a record 2,500,000 visitors next year. What would be the estimated maintenance costs?

Posted Date: May 21, 2024 04:04 AM

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Oak Island Amusements Center provides the following data on the costs of maintenance and the number of

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